US 10YR FUTURE TECHS: (H6) Through Bear Trigger
- RES 4: 113-00+ 61.8% retracement of the Nov 25 - Dec 10 bear leg
- RES 3: 112-31 High Dec 18 and key short-term resistance
- RES 2: 112-25+ High Dec 30 / 31
- RES 1: 112-22 High Jan 7
- PRICE: 111-29 @ 17:00 GMT Jan 16
- SUP 1: 111-25+ Low Jan 16
- SUP 2: 111-19 1.236 proj of the Oct 17 - Nov 5 - 25 price swing
- SUP 3: 111-11 1.382 proj of the Oct 17 - Nov 5 - 25 price swing
- SUP 4: 111-00 Round number support
A bear threat in Treasuries firmed further Friday as prices broke through the bear trigger at the Dec 10 low of 111-29. This resumes the bear cycle in Treasuries. Note too that a head and shoulders reversal pattern on the daily chart continues to highlight a bearish threat. Scope is seen for a move towards 111-19, a 1.236 projection of the Oct 17 - Nov 5 - 25 swing. Key S/T resistance is 112-31, Dec 18 high.
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FED: US TSY 17W BILL AUCTION: HIGH 3.540%(ALLOT 87.73%)
- US TSY 17W BILL AUCTION: HIGH 3.540%(ALLOT 87.73%)
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