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(Z1)‌‌ Testing Friday Highs

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: 131-30+ High Nov 5
  • PRICE: 131-02 @ 15:53 GMT Nov 29
  • SUP 1: 130-13 50.0% retracement of the Nov 24 - 26 bounce
  • SUP 2: 129-16 Low Nov 25 and the bear trigger
  • SUP 3: 128-17+ Low Jan 9, 2020 (cont)
  • SUP 4: 128-05 Low Jan 2, 2020 (cont)

Treasuries reversed direction on Friday and rallied sharply higher. Much of this price action has been retained into the Monday close, wth the bounce from 129-16, resulting in a breach of the 20- and 50-day EMA. A break back above 131-10+ opens gains toward 131-30+, the Nov 5 high. For bears, a break of support at 129-16 would resume the downtrend.

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