Bearish Continuation

Key Levels:
Resistance: 154'04
Pivot: 153'13
Support: 150'13

Preferred Case:
With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 153'13 in line with the 50% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 150'13 in line with the horizontal swing low support.

Alternative Scenario:
Alternatively, price could potentially break out pivot structure and head to 1st resistance at 154'04 in line with the horizontal swing high resistance and 61.8% Fibonacci retracement.

As fears of russo-ukraine conflict wane. Treasury yields may continue its uptrend again thus causing prices to drop. The relationship of yields and prices is inversely related. With rate hikes just round the corner , yields will continue to climb.