(M4) Testing Resistance At 50-Day EMA

• RES 4: 112-10+ 61.8% retracement of the Feb 1 - 23 bear leg
• RES 3: 112-04 High Feb 7
• RES 2: 111-27 50% retracement of the Feb 1 - 23 bear leg
• RES 1: 111-15 High Mar 5
• PRICE: 111-04+ @ 11:05 GMT Mar 6
• SUP 1: 110-05+/109-25+ Low Mar 1 / Low Feb 23 and bear trigger
• SUP 2: 109-14+ Low Nov 28
• SUP 3: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
• SUP 4: 108-25+ 2.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

Treasuries traded higher Tuesday and challenged resistance at the 50-day EMA, at 111-06. A clear break of this EMA would highlight a bullish reversal and open 111-27 initially, 50% of the downleg off the Feb 1 high. This week’s price action has worked against the broader downward trend direction, and a failure to maintain price at or above current levels would return focus back to next support at the 109-25+ bear trigger, the Feb 23 low.