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(Z2)‌‌ Bearish Outlook

US 10YR FUTURE TECHS
  • RES 4: 119-01 High Aug 18
  • RES 3: 118-00 High Aug 26
  • RES 2: 117-24 50 day EMA values
  • RES 1: 116-04+/26 High Sep 13 / 2
  • PRICE: 114-22+ @ 11:17 BST Sep 15
  • SUP 1: 114-17 Low Sep 14
  • SUP 2: 114-06 Low Jun 14 and a key support
  • SUP 3: 114-00 Round number support
  • SUP 4: 113-19 Low Sep 19 2019 (cont)

Treasuries remain soft and price is trading closer to recent lows. Tuesday’s break lower confirmed a resumption of the current bear cycle that started Aug 2. Sights are on the key support at 114-06, the Jun 14 low. A break of this level would confirm an important technical break and highlight a resumption of the broader downtrend, exposing the 114-00 handle. Initial firm resistance is at 116-26, the Sep 2 high.

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