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(Z2)‌‌ Remains Below First Resistance

US 10YR FUTURE TECHS
  • RES 4: 113-30 High Oct 4
  • RES 3: 113-00 50-day EMA
  • RES 2: 112-22+ High Oct 6
  • RES 1: 111-31 High Oct 27
  • PRICE: 110-19 @ 10:18 GMT Nov 2
  • SUP 1: 110-12 Low Oct 31
  • SUP 2: 109-20/108-26+ Low Oct 25 / 21 and the bear trigger
  • SUP 3: 108-06+ Low Oct 2007 (cont)
  • SUP 4: 107.04 3.0% 10-dma envelope

Treasuries continue to trade at this week’s lows and below last week’s high of 111-31 on Oct 27 - the key short-term resistance. A break of this hurdle would signal scope for an extension higher near-term and expose the 50-day EMA at 113-00. Monday’s low of 110-12 is first support where a break would signal scope for a deeper pullback towards 108-26+, the Oct 21 low and the bear trigger.

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