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(H0) Still Defying Gravity......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Still Defying Gravity
*RES 4: 122-192 1.618 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 3: 122-12 1.50 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 2: 122-046 1.382 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 1: 122-032 Intraday high
*PRICE: 121-27+ @ 11:47 GMT, Feb 28
*SUP 1: 121-016 Low Feb 27
*SUP 2: 120-156 High Feb 3
*SUP 3: 119-25 Low Feb 20
*SUP 4: 119-232 Trendline support drawn off the Dec 24 low / Low Feb 12
5yr futures remain bullish. The trend has extended again today with a fresh high
print at 122-032. This week's impulsive rally resulted in a breach of 120-156,
Feb 3 high. The break confirmed a resumption of the broader uptrend that has
been in place since the Dec 13 low of 118-03+. MA studies are in a bull mode
reinforcing current trend conditions although it is worth noting that the trend
is overbought. Support is at 121-016, the next objective is 122.046.

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