US DATA: Two JOLTS Reports Scheduled For Next Month

• RES 4: 113-00+ 61.8% retracement of the Nov 25 - Dec 10 bear leg
• RES 3: 112-31   High Dec 18 and key short-term resistance 
• RES 2: 112-25+ High Dec 30 / 31 
• RES 1: 112-22   High Jan 7
• PRICE:‌‌ 112-15 @ 16:34 GMT Jan 14
• SUP 1: 111-29   Low Dec 10 and the bear trigger
• SUP 2: 111-19   1.236 proj of the Oct 17 - Nov 5 - 25 price swing
• SUP 3: 111-11   1.382 proj of the Oct 17 - Nov 5 - 25 price swing 
• SUP 4: 111-00   Round number support 

A bear threat in Treasuries remains present and for now, short-term gains are considered corrective. Attention is on support at 111-29, the Dec 10 low and bear trigger. A break of it would confirm a continuation of the bear cycle. Note too that a head and shoulders reversal pattern on the daily chart also highlights a bearish threat. Scope is seen for a move towards 111-19 initially, a Fibonacci projection. Key short-term resistance is 112-31, the Dec 18 high.

• Treasury futures are extending highs at the moment - not headline driven but more likely mirroring Bund bid into the London close.
• Session high: TYH6 trades 112-18 (+9.5) vs 112-05.5 low, key short-term resistance is unchanged at 112-31, the Dec 18 high.
• On the flipside, a bear threat in Treasuries remains present and for now, short-term gains are considered corrective. Attention is on support at 111-29, the Dec 10 low and bear trigger. A break of it would confirm a continuation of the bear cycle. Note too that a head and shoulders reversal pattern on the daily chart also highlights a bearish threat. Scope is seen for a move towards 111-19 initially, a Fibonacci projection.
• Bbg US Dollar index near lows to 1209.74 (-1.94). 

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