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(Z0) Tops Resistance

US 10YR FUTURE TECHS
  • RES 4: 140-21+ 1.0% 10-dma Envelope
  • RES 3: 139-29+ 76.4% retracement of the Aug 4 - 28 decline
  • RES 2: 139-26+ High Aug 11
  • RES 1: 139-24 High Sep 3
  • PRICE: 139-21+ @ 15:33 BST Sep 3
  • SUP 1: 139-01 Low Sep 1
  • SUP 2: 138-18+ Low Aug 28 and the bear trigger
  • SUP 3: 138-13 0.764 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 4: 138-01 1.00 proj of Aug 4 - 14 sell-off from Aug 21 high

Treasuries made their way through 139-21+ resistance to hit the best levels of September, undermining the recent bearish focus and signalling scope for gains up to 139-26+. A break and close above here would open the next key Fib resistance, kicking in at 139-29+. An inability to hold onto recent gains and a reversal lower would again refocus attention on 138-18+, key support and the Aug 28 low.

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