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(Z0) Slips Off Recent Highs

US 10YR FUTURE TECHS
  • RES 4: 140-11 Aug 4 high and major resistance
  • RES 3: 139-29+ 76.4% retracement of the Aug 4 - 28 decline
  • RES 2: 139-29 High Sep 3 and the bull trigger
  • RES 1: 139-26 High Sep 17
  • PRICE: 139-12+ @ 11:40 BST Oct 1
  • SUP 1: 139-10+ Low Sep 16 and key near-term support
  • SUP 2: 139-00 Low Sep 4
  • SUP 3: 138-18+ Low Aug 28 and the bear trigger
  • SUP 4: 138-10+ 1.000 proj of Aug 4 - 14 sell-off from Sep 3 high

Treasuries hit reverse Wednesday and remain under pressure. The contract is trading above initial support at 139-10+, Sep 16 low. While this level holds, the outlook remains bullish with the focus on a possible challenge of resistance at 139-29, Sep 3 high and the bull trigger. Clearance of 139-29 would open 140-11 further out, Aug 4 high. On the downside, sub 139-10+ level would instead open 139-00. Sep 4 low.

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