Despite the bounce effort Tuesday above the firm barriers at 128-14/19, to ease immediate negative pressures,, we stated in our last report that "whilst below 129-035, however, a shift back to a neutral range theme is avoided ".
The stall ahead of 129-035 sees bias for downside pressures resuming, given the aggressive February sell off below multiple chart and retrace supports.
For Today: We see a downside bias through 128-165 for 128-05/04; break here aims for 127-185, maybe back to 127-135/10.
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2 Hour US 10yr Future Chart