FED: September Minutes Seen Framing Lively Debate Over The Path Ahead (1/3)

• RES 4: 114-10   High Apr 7 (cont.)
• RES 3: 114-00   Round number resistance 
• RES 2: 113-26+ 2.764 proj of the Jul 15 - 22 - 28 price swing 
• RES 1: 113-21+ High Sep 5
• PRICE:‌‌ 113-16+ @ 16:14 BST Sep 8
• SUP 1: 112-28+/112-07+ Low Sep 5 /  20-day EMA
• SUP 2: 111-24   50-day EMA
• SUP 3: 111-13+ Low Aug 18 and a key support  
• SUP 4: 110-25   Low Aug 1 

Treasury futures rallied sharply higher on Friday and the contract remains closer to its recent highs The move higher highlights an acceleration of the uptrend. Note too that moving average studies are in a bull-mode position, highlighting a dominant uptrend. This paves the way for an extension through 113-21 next (piered), the 2.618 projection of the Jul 15 - 22 - 28 price swing. Initial firm support to watch is 112-07+, the 20-day EMA. 

• US TSY 13W AUCTION: NON-COMP BIDS $2.256 BLN FROM $82.000 BLN TOTAL

• US TSY 26W AUCTION: NON-COMP BIDS $1.829 BLN FROM $73.000 BLN TOTAL