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(Z3) Testing Key Support And The Bear Trigger

US 10YR FUTURE TECHS
  • RES 4: 110-10+ High Sep 8
  • RES 3: 109-20 High Sep 19
  • RES 2: 109-03 50-day EMA
  • RES 1: 107-24+/108-16 20-day EMA / High Oct 12
  • PRICE: 106-11+ @ 11:32 BST Oct 18
  • SUP 1: 106-03 Intraday low
  • SUP 2: 106-00 Low Sep 4 / Round number support
  • SUP 3: 105-05+ 2.0% 10-dma envelope
  • SUP 4: 104-26 2.00 proj of the Jul 18 - Aug 4 - Aug 10 price swing

Treasuries traded lower Tuesday and the contract maintains a bearish theme. Key support at 106-03+, the Sep 4 / 17 low, has been tested. A clear break of this bear trigger would confirm a resumption of the downtrend and expose the 106-00 handle and below. Key short-term trendline resistance has been defined at 108-16, the Oct 12 high, where a break is required to highlight a short-term reversal.

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