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(H0) Holding Onto Gains *RES....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Holding Onto Gains
*RES 4: 119-166 High Jan 8
*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: 119-012 50.0% retracement of the Jan 8 - Jan 9 decline
*PRICE: 118-31 @ 11:09 GMT, Jan 16
*SUP 1: 118-216 Low Jan 14
*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 remain firmer having yesterday extended the past 5-day recovery.
Whether these gains are part of a stronger bull run is too early to tell. The
sharp sell-off from Jan 8 still weighs on sentiment and for now the recovery is
considered a correction. Further gains would open 119-012 and 119-05, the 50%
and 61.8% levels of the Jan 8 - Jan 9 decline. A break of 119-05 is needed to
signal a stronger bullish outlook and open 119-166. Key support is at 118-176.

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