* RES 4: 113-07 76.4% retracement of the Apr 7 - 11 bear leg * RES 3: 112-23 High May 1 and key resi...
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The reversal in Treasury futures from last Thursday’s high, undermines a recent bullish theme. An extension would expose support at 109-26, the May 29 low, where a break would open key support and the bear trigger, at 109-12+, the May 22 low. Key short-term resistance has been defined at 111-14+, a Fibonacci retracement and the Jun 5 high. A break of this hurdle would be bullish.