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(Z0)‌ Key Support Cleared ‌ ‌

US 10YR FUTURE TECHS
  • RES 4: 139-25 High Oct 2
  • RES 3: 139-17 76.4% retracement of the Sep 29 - Oct 7 sell-off
  • RES 2: 139-14 High Oct 15
  • RES 1: 139-01+ High Oct 20
  • PRICE: 138-19+ @ 11:44 BST Oct 21
  • SUP 1: 138-13+ Intraday low
  • SUP 2: 138-12 61.8% retracement of the Jun - Aug rally (cont)
  • SUP 3: 138-04+ 1.00 proj of Aug 4 - 28 decline from Sep 3 high
  • SUP 4: 137-29 76.4% retracement of the Jun - Aug rally (cont)

Treasuries remain weaker following the strong reversal off 139-14, Oct 15 high. Earlier, futures traded sharply lower resulting in a break of the key support at 138-18+, Aug 28 low and the bear trigger. The move lower confirms a resumption of the reversal that occurred on Aug 4. This has opened 138-04+, a Fibonacci projection. Firm resistance is at 139-14, Oct 15 high with initial resistance at 139-01+.

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