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(H0) Clears Key Retracement.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Clears Key Retracement Level
*RES 4: 119-192 High Oct 31
*RES 3: 119-166 Jan 8 high and key resistance
*RES 2: 119-09+ 76.4% retracement of the Jan 8 - Jan 9 decline
*RES 1: 119-08+ Intraday high
*PRICE: 119-06+ @ 11:27 GMT, Jan 23
*SUP 1: 118-236 Low Jan 17
*SUP 2: 118-176 Low Jan 9 and key near-term support
*SUP 3: 118-13 Low Dec 30
*SUP 4: 118-056 Low Dec 24
5yr futures have edged higher again today. This week's recovery has now resulted
in a break of 119-05, 61.8% of the Jan 8 - Jan 9 decline. The breach of this
level has effectively negated the recent bearish outlook and instead signals a
stronger developing bullish theme. Attention is on 119-166, the Jan 8 low and
the next key resistance. A break would reinforce bullish conditions and open
119-192, Oct 31 high initially. Key support is at 118-236, Jan 17 low.

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