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(H3)‌‌ Approaching Trendline Support

  • RES 4: 115-22+ High Feb 3
  • RES 3: 115-00 Round number resistance
  • RES 2: 114-06+ 20-day EMA
  • RES 1: 114-00+ 50-day EMA
  • PRICE: 112-28 @ 11:52 GMT Feb 10
  • SUP 1: 112-25 Intraday low
  • SUP 2: 112-14+ Trendline support drawn from the Oct 21 low
  • SUP 3: 112-00 Round number support
  • SUP 4: 111-28 Low Dec 30 and a key support

Treasury futures remain bearish and the contract is trading lower today. Attention is on a trendline support that today intersects 112-14+. The trendline is drawn from the Oct 21 low. A break of this level would strengthen the current bearish theme and expose 111-28, the Dec 30 low. Key short-term resistance is seen at the 50-day EMA which intersects at 114-00+. A break of this EMA would ease bearish pressure.

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