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(Z0)‌ ‌Vulnerable Following Sharp Slide

US 10YR FUTURE TECHS
  • RES 4: 139-29 High Sep 3 and the bull trigger
  • RES 3: 139-26 High Sep 17
  • RES 2: 139-14+ High Oct 5
  • RES 1: 139-00 Sep 4 low
  • PRICE: 138-28 @ 11:34 BST Oct 6
  • SUP 1: 138-24 Low Oct 5 and intraday low
  • SUP 2: 138-18+ Low Aug 28 and the bear trigger
  • SUP 3: 138-04+ 1.000 proj of Aug 4 - 28 sell-off from Sep 3 high
  • SUP 4: 138-00 Round number support

Treasuries sold off sharply Monday clearing a number of support levels along the way. The move through 139-00, Sep 4 low has strengthened the current bearish threat and signals scope for a deeper sell-off towards the next major support at 138-18+, Aug 28 low and the bear trigger. A break of this level would open 138-10+, a Fibonacci projection level. Initial resistance is at 139-00, the Sep 4 low.

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