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(H18) Bounces But...............>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Bounces But 114-172/114-200 In Way Of Further Gains
*RES 4: 115-037 Feb 9 high
*RES 3: 114-247 Feb 14 high
*RES 2: 114-200 Congestion area Feb 7-Feb 14
*RES 1: 114-172 Feb 26 high
*PRICE: 114-125 @1025GMT
*SUP 1: 114-037 Hourly support
*SUP 2: 113-315 Feb 15 low
*SUP 3: 113-280 Apr 5 2010 low
*SUP 4: 113-265 Aug 3 2009 low
*COMMENTARY* Pressure returned to the downside, following the short lived rally
back to 115-212. Support from 114-155 and then 114-092 giving way, a low of
113-315 as we edged ever closer to the key long term support from April 2010 at
113-280. The subsequent bounce through 114-155 resistance on Monday encourages
but needs to see a move back above the congested 114-200 region, before the near
term negative bias is reduced. Near term support from 114-037.

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