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‌‌(H3)‌‌ Near-Term Weakness Extends

  • 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: 111-28 @ 16:01 GMT Feb 17
  • SUP 1: 111-10 Lower 2.0% Bollinger Band
  • SUP 2: 111-08+ Low Feb 17
  • SUP 3: 110-21+ 2.0% 10-dma envelope
  • SUP 4: 109-22 Low Nov 3

Near-term weakness extends across Treasury futures, putting prices at new pullback lows of 111-08+. This puts the contract through the early January lows, opening medium-term losses toward levels not seen since November. The strengthening bearish theme exposes 109-22 over the medium-term, the Nov 3 low. Key short-term resistance is seen at the 50-day EMA which intersects at 113-25+. A break of this EMA would ease bearish pressure.

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