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(Z0) Key Support Defined At 139-00

US 30YR FUTURE TECHS
  • RES 4: 140-21 1.0% 10-dma Envelope
  • RES 3: 140-11 Aug 4 high and major resistance
  • RES 2: 139-29+ 76.4% retracement of the Aug 4 - 28 decline
  • RES 1: 139-29 High Sep 3 and the bull trigger
  • PRICE: 139-12+ @ 11:15 BST Sep 9
  • SUP 1: 139-00 Low Sep 4
  • SUP 2: 138-18+ Low Aug 28 and the bear trigger
  • SUP 3: 138-10+ 1.000 proj of Aug 4 - 14 sell-off from Seop 3 high
  • SUP 4: 137-30+ 1.236 proj of Aug 4 - 14 sell-off from Aug 21 high

Treasuries traded higher earlier today before finding resistance. Futures are attempting a recovery following Friday's sharp sell-off. For bulls, price needs to hold above support at 139-00, Sep 4 low. A climb higher would refocus attention on last week's 139-29 peak that represents the key near-term bull trigger. Clearance of this hurdle would open the Aug high of 140-11. A move below 139-00 would instead expose 138-18+, Aug 28 low and a key support.

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