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Bulls Need to Recover 116-00....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: Bulls Need to Recover 116-00
*RES 4: 118-212         61.8% 122-28-111-26+
*RES 3: 118-00/05       Series of prev lows Jun/Dec 2015
*RES 2: 117-11+         50% 122-28+-111-26+
*RES 1: 116-142/15+     Mar 27 high/ Mar 10 2017 low
*PRICE: 115-272         @ 09:25 GMT, May 22
*SUP 1: 115-03+/01+     May 3 low/100-dma
*SUP 2: 114-042/113-312 50% 111-26+-116-142/200-dma
*SUP 3: 112.20/25       Series of previous lows
*SUP 4: 111-07+         Oct 14 2008 low
5-Yr futures consolidate in narrow range trade with bulls needing a break of
116-00 to reignite the uptrend. This would bring the Mar 27 ytd high back into
view at 116-142, ahead of a run at the 117 level & 50% retracement level at
117-11. Bears need to clear the 50-dma at 115-172 to return the focus to the
downside. Below here opens the May 3 low & 100-dma at 115-03+/01+, ahead of the
50% retracement of the Oct-Mar rise & 200-dma at 114-042/113-312.

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