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‌‌(Z2)‌‌ Through Bear Trigger

US 10YR FUTURE TECHS
  • RES 4: 119-18 High Aug 17
  • RES 3: 118-15 50-day EMA
  • RES 2: 117-29/118-00 20-day EMA / High Aug 26
  • RES 1: 117-07+ High Aug 31
  • PRICE: 115-19+ @ 16:09 BST Sep 6
  • SUP 1: 115-14+ Low Sep 6
  • SUP 2: 114-26 Low Jun 16
  • SUP 3: 114-06 Low Jun 14 and a key support
  • SUP 4: 114-00 Round number support

The outlook for Treasuries worsened Tuesday, with prices showing below both 116-01+, 61.8% of the Jun 14 - Aug 2 rally as well as the bear trigger at 115-23. A clear break here supports the case for a move back to 114-06, Jun 14 low. Initial firm resistance has been defined at 118-00, Aug 26 high.

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