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‌(Z0)‌ ‌Still Looking For Gains

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: 139-11 @ 11:42 BST Oct 5
  • SUP 1: 139-06+ 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

Recent price action in Treasuries has defined an initial key support at 139-06+, Oct 1 low. An ability to remain above this level would be encouraging for bulls. The technical picture is bullish and attention is 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. Sub 139-06+ levels would expose a deeper sell-off.

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