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‌‌(H1)‌‌ Approaching Key Support

  • RES 4: 137-20+ High Jan 27 and the bull trigger
  • RES 3: 137-10+ High Jan 29 and the 50-day EMA
  • RES 2: 137-02 High Feb 11 amd key resistance
  • RES 1: 136-15 Intraday high
  • PRICE: 136-05+ @ 10:10 GMT Feb 15
  • SUP 1: 136-01 Low Jan 12 and a key support
  • SUP 2: 135-25 76.4% of the rally between Mar - Aug 2020
  • SUP 3: 135-16 1.00 proj of Jan 4 - Jan 12 sell-off from Jan 27 high
  • SUP 4: 135-00 1.236 proj of Jan 4 - Jan 12 sell-off from Jan 27 high

Treasuries have sold off sharply today extending the reversal from the Feb 11 high of 137-02. The focus is on key support and the bear trigger at 136-01, Jan 12 low. A break would reinforce the bearish theme and confirm a resumption of the downtrend that started in August 2020. A break lower would open 135-25+, 76.4% retracement of the rally between Mar - Aug 2020. Key trend resistance has been defined at 137-02, Feb 11 high.

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