FED: US TSY TO SELL $76.000 BLN 13W BILL MAR 10, SETTLE MAR 13

• US TSY TO SELL $95.000 BLN 4W BILL FEB 06, SETTLE FEB 11

ERM5 97.50 put, paper pays 1.25 on 16k

• RES 4: 110-25   High Dec 12
• RES 3: 110-19   76.4% retracement of the Dec 6  - Jan 13 bear leg.    
• RES 2: 109-31   High Dec 18  
• RES 1: 109-10/15+ 50-day EMA / High Feb 3 
• PRICE:‌‌ 109-02+ @ 16:54 GMT Feb 4
• SUP 1: 108-24/21+ 20-day EMA / Low Feb 3
• SUP 2: 108-06/107-06 Low Jan 23 / 13 and the bear trigger 
• SUP 3: 107-04   Low Apr 25 ‘24 and a key support 
• SUP 4: 106-11   2.00 proj of the Oct 1 - 14 - 16 price swing  

Treasury futures continue to trade below their recent highs. A corrective cycle remains in play and the contract is holding on to the bulk of its recent gains. Key resistance at 109-10, the 50-day EMA, has been pierced. A clear break of it would strengthen a bullish theme and open 109-31, the Dec 18 high. The medium-term trend condition remains bearish. The bear trigger is 107-06, the Jan 13 low. Initial firm support is 108-06, the Jan 23 low.