• RES 4: 116-28+ High Jan 19 and key resistance
• RES 3: 116-08 High Feb 2
• RES 2: 116-00 Round number resistance
• RES 1: 115-31 High Mar 15
• PRICE: 115-14 @ 17:19 GMT Mar 15
• SUP 1: 113-08+ Intraday low
• SUP 2: 113-01+ 50-day EMA
• SUP 3: 112-21 Low Mar 13
• SUP 4: 112-09+ 20-day EMA

Treasury futures continue to trade in a volatile manner and the contract recovered convincingly from Wednesday’s intraday low of 113-08+. The rally took out Monday’s high of 115-13 with little effort to confirm an extension of the recent impulsive bull cycle and open the 116-00 handle next. On the downside, key support top watch is 113-01+, the 50-day EMA. A clear break would be seen as a bearish development.