Resistance 3: 1.5600/10

Resistance 2: 1.5550/60

Resistance 1: 1.5520

Latest New York: 1.5492

Support 1: 1.5400/10

Support 2: 1.5350/60

Support 3: 1.5300


Additional selling to new low early, Rate clears stops again and attracts active selling after 1.5400 area falls; Strong long-liquidation break is still coming; test of the lows as expected. Watch for two-way volatility. Be ready to add quickly if a rally happens; close under the 50 bar MA could attract active selling. Continue to hold shorts and look for a short-covering rally to stall around the 1.5550/1.5600 area; look to add to open shorts in that area.

Data due Tuesday: All times EASTERN (-5 GMT)

4:00am Services PMI (r) 51.8

5:00am PPI m/m 0.6%

Analysis by: written by Jason Alan Jankovsky


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