(H0) Challenging Last Week's....>

US 5YR FUTURE TECHS: (H0) Challenging Last Week's High

*RES 3: 120-156 Feb 3 high and key resistance

*RES 2: 120-092 High Feb 4

*RES 1: 120-032/6 61.8% of the Feb 3 - Feb 6 decline / High Feb 10

*PRICE: 120-01 @ 11:25 GMT, Feb 18

*SUP 1: 119-21 Low Feb 12

*SUP 2: 119-15 Low Feb 6 and bear trigger

*SUP 3: 119-096 50-day EMA

5yr futures resumed post-holiday trade well, bidding up to challenge last week's

highs at 120-037. The technical outlook, however, remains bearish following the

sharp losses between Feb 3 and Feb 6. The recent recovery between Feb 6 - Feb 10

is viewed as a correction and scope is seen for a move towards 119-096, an area

of support highlighted by the 50-day EMA. The pullback from last week's high is

an early signal that bearish pressure is set to resume. Resistance is at

120-036.