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(H18) Bulls Need Close 21-DMA...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Bulls Need Close 21-DMA
*RES 4: 115-00 21-DMA
*RES 3: 114-31+ Hourly resistance Feb 6
*RES 2: 114-28+ High Feb 7
*RES 1: 114-24+ High Feb 8
*PRICE: 114-18+ @ 0930GMT
*SUP 1: 114-11+ Low Feb 7
*SUP 2: 114-09+ 2018 Low Feb 6
*SUP 3: 113-29 Bear channel base
*SUP 4: 113-28 Monthly Low Apr 1 2010
*COMMENTARY: Bulls have failed to capitalise on the aggressive rally and bullish
close Tuesday with the contract rejected ahead of 115-22+ resistance and 55-DMA.
Bulls now need a close above the 21-DMA to retain pressure on 115-22+/26+ where
the 55-DMA is noted. Above the 55-DMA is needed to confirm a shift higher in
focus and above 116-06+ to target the 100-DMA (116-10+). Bears remain focused on
the bear channel base while the 21-DMA caps.

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