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(H0) Extends Gains *RES 4:......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Extends Gains
*RES 4: 120-132 1.382 projection of Dec 24 - Jan 8 rally from Jan 9 low
*RES 3: 120-07 1.236 projection of Dec 24 - Jan 8 rally from Jan 9 low
*RES 2: 120-00 Round number resistance
*RES 1: 119-31 Intraday high
*PRICE: 119-27+ @ 11:52 GMT, Jan 28
*SUP 1: 119-202 Low Jan 27 and gap high
*SUP 2: 119-036 Low Jan 24
*SUP 3: 119-002 Low Jan 22
*SUP 4: 118-236 Low Jan 17
5yr futures maintains a firmer tone and further gains are seen likely near-term
with risk-aversion still at elevated levels. The technical condition is bullish
too and this was reinforced following yesterday's break of former resistance at
119-166, Jan 8 high and 119-192, the Oct 31 high. Attention is on 120-00 next
and 120-07, a Fibonacci projection. On the downside, initial support lies at
119-202, yesterday's low.

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