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(H0) Finely Balanced *RES 4:....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Finely Balanced
*RES 4: 120-182 1.500 projection of Dec 24 - Jan 8 rally from Jan 9 low
*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: 119-30+ @ 11:12 GMT, Feb 20
*SUP 1: 119-21 Low Feb 12
*SUP 2: 119-15 Low Feb 6 and bear trigger
*SUP 3: 119-096 50-day EMA
*SUP 4: 119-036 Low Jan 24
5yr futures finished a touch lower Wednesday, but much of this (very modest)
weakness has already been erased ahead of the Thursday bell. This keeps pressure
on last week's highs at 120-037. The recent recovery between Feb 6 - Feb 10 is
still being 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.

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