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(Z1)‌‌ Maintains A Bearish Tone

US 10YR FUTURE TECHS
  • RES 4: 133-12+ High Sep 22
  • RES 3: 132-21+ Low Aug 11 and recent breakout level
  • RES 2: 132-08+ High Oct 4
  • RES 1: 131-19+ High Oct 14
  • PRICE: 130-25 @ 11:32 BST Oct 19
  • SUP 1: 130-14 Low Oct 18
  • SUP 2: 130-07 1.764 proj of the Aug 4 - 11 - 17 price swing
  • SUP 3: 130-00 Psychological round number
  • SUP 4: 129-03 50.0% of the Oct '18 - Mar '20 bull cycle

Treasuries maintain a bearish tone. The contract resumed the downtrend yesterday with a low print of 130-14 and confirmed a break of the 130-25+ congestion support, Oct 11 - 13 lows. This confirms an extension of the bearish price sequence of lower lows and lower highs and reinforces current sentiment and trend conditions. Attention is on 130-07, a Fibonacci projection and 130-00. Key resistance is at 131-19+, Oct 14 high.

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