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(H18) 114-155 Again Protects....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) 114-155 Again Protects Against 114-092 Return
*RES 4: 115-212/227 Feb 6,Jan 11 highs, 61.8% 116-190/114-092
*RES 3: 115-117 Jan 12 low, now resistance
*RES 2: 115-037 Feb 9 high
*RES 1: 114-310 Hourly resistance
*PRICE: 114-232 @1040GMT
*SUP 1: 114-155 Hourly base Feb 5, Feb 7 low
*SUP 2: 114-092/117 Feb 2, Feb 8 lows
*SUP 3: 113-280 Apr 5 2010 low
*SUP 4: 113-172 1% volatility band
*COMMENTARY* Pressure returned to the downside, following last week's short
lived rally back to 115-212. Now looking at support from 114-155 as the near
term protection against a return to this month's earlier 114-092 low. Resistance
as a consequence falls to 114-310, back above would help but still has
115-037/115-117 to deal with above, before the topside is favoured again. Below
114-092 and look to the April 2010 low at 113-280 next.

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