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(H0) Status Quo *RES 3:.........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Status Quo
*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: 119-307 @ 11:08 GMT, Feb 19
*SUP 1: 119-21 Low Feb 12
*SUP 2: 119-15 Low Feb 6 and bear trigger
*SUP 3: 119-096 50-day EMA
Despite the decent start, 5yr futures finished broadly unchanged Tuesday, but
the intraday high keeps pressure on last week's highs at 120-037. This does,
however, keep the outlook bearish following the sharp losses between Feb 3 and
Feb 6. The recent recovery between Feb 6 - Feb 10 is 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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