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(H0) Bearish Theme Still........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Bearish Theme Still Holds
*RES 4: 119-13 High Dec 4
*RES 3: 119-03+ High Dec 5
*RES 2: 118-30+ Dec 12 high and key resistance
*RES 1: 118-24+ Low Dec 6
*PRICE: 118-196 11:16 GMT, Dec 16
*SUP 1: 118-03+ Low Dec 13
*SUP 2: 118-006 1.00 projection of Nov 1 - Nov 7 decline from Dec 3 high
*SUP 3: 118-000 Round number support
*SUP 4: 117-216 1.236 projection of Nov 1 - Nov 7 decline from Dec 3 high
5yr futures rallied sharply off the day low Friday. For now though, this move is
being as a correction with the underlying trend still bearish. Last week,
futures traded below key support at 118-05, Nov 7 low. The move lower paves the
way for weakness towards 118-006, a Fibonacci projection level and the 118-00
handle. On the upside, resistance is seen at 118-30+, Dec 12 high where a break
is required to signal a potential reversal.

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