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(Z3) Pierces Support

US 10YR FUTURE TECHS
  • RES 4: 111-12+ High Sep 1 key resistance
  • RES 3: 110-31+ 50-day EMA
  • RES 2: 110-07+ High Sep14
  • RES 1: 110-00+ 20-day EMA
  • PRICE: 109-07 @ 19:25 BST Sep 20
  • SUP 1: 109-01/00 Intraday low / Round number support
  • SUP 2: 108-20 1.000 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 3: 107.23 1.236 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 4: 107-05+ 1.382 proj of the Jul 18 - Aug 4 - Aug 10 price swing

Treasuries have traded lower today, resulting in a brief print below support at 109-03, the Sep 13 / 19 low. The move below 109-03 cancels a recent reversal signal - a hammer candle on Sep 13. The move lower instead reinforces a bearish theme and a continuation lower would open 109-00 and 108-20, the 1.00 projection of the Jul 18 - Aug 4 - Aug 10 price swing. Key short-term resistance has been defined at 110-07+, the Sep 14 high.

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