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The T-Bonds Futures contract is down by about 8.5% this year so far, heading lower to the swing low area on the Yearly perspective. This is giving the lower periodicities a bearish bias while the market is about to test supportive levels.

The monthly perspective is testing a supportive level while the market dropped about 3.7% lower, giving the daily and hourly perspectives a mixed to balances sign with two-way trade possible. Lower targets could be the EMA200 as median-term rotation.

The daily testing the lower Quarter’s DVAL level for support and the mentioned swing low from the monthly for supportive buyers while the market was selling pressured by the Quarterly VWAP which let the market fell the second day.

The intraday perspective might leaning on the VWAP value extremes while resistance might emerge around the upper VWAP close levels. The current DVAL level could serve as support while the market still might dip below the lows to find further buying interest as of the mentioned possible supportive monthly swing lows. Monitoring the auction around the DVAH and DVAL for any trade scenarios in balanced way.