Reporting on key macro data at the time of release.
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- RES 4: 133-12+ High Sep 22
- RES 3: 132-21+ Low Aug 11 and recent breakout level
- RES 2: 132-08+ High Oct 4
- RES 1: 131-08/131-30+ High Nov 19 / High Nov 5
- PRICE: 129-27 @ 15:30 GMT Nov 24
- SUP 1: 129-03 50.0% of the Oct '18 - Mar '20 bull cycle
- SUP 2: 128-17+ Low Jan 9, 2020 (cont)
- SUP 3: 128-05 Low Jan 2, 2020 (cont)
- SUP 4: 127-29 Low Dec 13, 2019
Treasuries are trading near recent lows. The contract has this week cleared the former key support at 129-31, Nov 17 low and this confirms a resumption of the downtrend. Moving average studies also highlight a bearish theme as they continue to point south. The break lower paves the way for a move towards 129-03 next, a Fibonacci retracement level. Key short-term resistance has been defined at 131-08, the Nov 19 high.