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(H0) Edging Higher *RES 4:......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Edging Higher
*RES 4: 119-166 Jan 8 high and key resistance
*RES 3: 119-09+ 76.4% retracement of the Jan 8 - Jan 9 decline
*RES 2: 119-05 61.8% retracement of the Jan 8 - Jan 9 decline
*RES 1: 119-042 Intraday high
*PRICE: 119-042 @ 11:20 GMT, Jan 22
*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 are firmer again today. Whether recent gains are part of a stronger
recovery is still debatable. The Jan 8 sell-off weighs on sentiment technically
speaking, and for now recent gains are considered corrective. Further upside
would open 119-05, 61.8% of the Jan 8 - Jan 9 decline. A break of 119-05 is
required to change the picture and would signal a stronger bullish outlook. This
would open 119-166. Key support is at 118-176.

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