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(Z0) Holding Above Support

US 5YR FUTURE TECHS
  • RES 4: 126-08+ High Aug 10
  • RES 3: 126-072 76.4% retracement of the Aug 4 - 28 sell-off
  • RES 2: 126-06+ High Sep 3 and the bull trigger
  • RES 1: 126-046 High Sep 30
  • PRICE: 125-31+ @ 11:21 BST, Oct 1
  • SUP 1: 125-292 Low Sep 16 and key near-term support
  • SUP 2: 125-25+ Low Sep 4
  • SUP 3: 125-216 Low Aug 28 and the bear trigger
  • SUP 4: 125-166 1.00 proj of Aug 4 - 14 sell-off from Sep 3 high

5yr futures reversed course yesterday stalling at the day high of 126-046. Futures remain above support at 125-292, Sep 16 low. An ability to hold above this support would keep a bullish focus intact. Attention is on a potential challenge of resistance at 126-06+, Sep 3 high and the bull trigger. Clearance of this hurdle would open the July highs of 126-12+. Sub 125-292 level would instead expose 125-25+, Sep 4 low.

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