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(H0) Fresh High *RES 4:.........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Fresh High
*RES 4: 119-236 2.382 projection of the Dec 13 range from the Dec 24 low
*RES 3: 119-206 2.236 projection of the Dec 13 range from the Dec 24 low
*RES 2: 119-192 High Oct 31
*RES 1: 119-166 High Jan 7
*PRICE: 119-000 @ 11:32 GMT, Jan 8
*SUP 1: 118-286 Low Jan 6
*SUP 2: 118-21+ Low Jan 3
*SUP 3: 118-13 Low Dec 30
*SUP 4: 118-03+ Low Dec 13
5yr futures rallied earlier today to a high of 119-166 before retracing the
entire move. Despite this volatile price action, the near-term outlook remains
bullish. Price has recently traded through the Dec 12 high of 118-30+ and
overnight did probe resistance at 119-152. Potential is seen for a retest of
119-166, now seen as the trigger for a resumption of strength. A break would
open 119-182, Oct 31 high. Initial support has been defined at 118-286.

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