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(Z1)‌‌ Holding Above Key Support

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: 133-12+ @ 16:17 BST Sep 1
  • 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 Tuesday gave up the modest strength seen at the beginning of the week. 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. For bulls, resistance is at 134-00+, Aug 17 high. Clearance of this hurdle would instead expose 134-26+, Aug 4 high.

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