(H4) Sell-Off Exposes Key Support

• RES 4: 114-06+ 2.00 proj of the Oct 19 - Nov 3 - Nov 13 price swing
• RES 3: 114-00 Round number resistance
• RES 2: 113-12 High Dec 27 and the bull trigger
• RES 1: 111-24/113-06+ 20-day EMA / High Feb 1
• PRICE: 111-09 @ 11:06 GMT Feb 5
• SUP 1: 111-04/110-26 Intraday low / Low Jan 19 and bear trigger
• SUP 2: 110-16 Low Dec 13
• SUP 3: 109-31+ Low Dec 11 and a key short-term support
• SUP 4: 109-17 50.0% of the Oct 19 - Dec 27 bull phase

Treasuries traded sharply lower Friday and the contract maintains a softer tone. The move lower defines an initial key resistance at 113-06+, the Feb 1 high, where a break is required to reinstate a bullish theme and expose the bull trigger at 113-12, the Dec 27 high. On the downside, a continuation lower would strengthen the bearish threat and expose 110-26, the Jan 19 low and bear trigger.