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(Z1)‌‌ Approaching Monday’s High

US 10YR FUTURE TECHS
  • RES 4: 135-26+ High Aug 4 and the bull trigger
  • RES 3: 134-09+ High Aug 5
  • RES 2: 134-00+ High Aug 17
  • RES 1: 133-22 High Aug 31
  • PRICE: 133-17 @ 16:24 BST Sep 2
  • SUP 1: 132-25+ Low Aug 26
  • SUP 2: 132-21+ Low Aug 11
  • SUP 3: 132-12 0.764 proj of the Aug 4 - 11 - 17 price swing
  • SUP 4: 131-27+ 1.00 proj of the Aug 4 - 11 - 17 price swing

Treasury futures are firmer Thursday and are approaching Monday's high of 133-22. A key support has recently been defined at 132-21+, the Aug 11 low. A break of this level is required to signal potential for a deeper pullback and potentially a stronger reversal. Short-term conditions appear to have improved for bulls on the back of recent gains however. Resistance to watch is at 134-00+, Aug 17 high. A break would expose 134-26+, Aug 4 high.

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