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(H0) Cracks Former Resistance...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Cracks Former Resistance
*RES 4: 121-13 1.000 projection of Sep 1 - Feb 3 rally from Feb 6 low
*RES 3: 121-00 Round number resistance
*RES 2: 120-302 0.764 projection of Sep 1 - Feb 3 rally from Feb 6 low
*RES 1: 120-24 Intraday high
*PRICE: 120-21+ @ 11:36 GMT, Feb 24
*SUP 1: 120-132 Intraday low
*SUP 2: 119-25 Low Feb 20
*SUP 3: 119-21 Low Feb 12
*SUP 4: 119-15 Low Feb 6 and bear trigger
5yr futures have rallied once again today and importantly cleared resistance at
120-156, the Feb 3 high. The break higher has confirmed a resumption of the
broader uptrend that has been in place since the Dec 13 low of 118-03+. Moving
average studies are in a bull mode reinforcing current trend conditions although
it is worth noting that the trend is close to being overbought once again.
Initial support is at 120-132, the next objective is 120-302.

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