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- RES 4: 117-29+ High Aug 26 2022 (cont)
- RES 3: 117-14+ High Aug 29 / 30 2022 (cont)
- RES 2: 116-06+/117-01+ High Mar 27 / High Mar 24 and bull trigger
- RES 1: 115-07+ High Mar 28
- PRICE: 114-14 @ 11:37 BST Mar 30
- SUP 1: 114-06 20-day EMA
- SUP 2: 113-26 Low Mar 22
- SUP 3: 113-24 50-day EMA
- SUP 4: 113-08+ Low Mar 15
Treasury futures are trading closer to this week’s lows and just ahead of support at the 20-day EMA, which intersects at 114-06. The bearish candle pattern on Mar 24 - a shooting star - remains in play and suggests scope for a continuation lower. Note Monday’s pattern is a bearish engulfing candle - reinforcing a short-term bearish threat. A break of the 20-day EMA would open 113-26, the Mar 22 low. Initial resistance is at 115-07+, the Mar 28 high.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.