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(H18) Recovery Heightened By....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Recovery Heightened By Oversold Conditions
*RES 4: 115-270 Dec 26 low, now resistance
*RES 3: 115-222/227 Jan 11 high, 61.8% of 116-190/114-092
*RES 2: 115-212 Intraday high
*RES 1: 115-155 Hourly resistance
*PRICE: 115-080 @1213GMT
*SUP 1: 114-260 Hourly support
*SUP 2: 114-185 Initial recovery high Feb 2, now support
*SUP 3: 114-092 Feb 2 low
*SUP 4: 113-280 Apr 5 2010 low
*COMMENTARY* A much needed bounce, given the oversold state, following the one
way traffic seen since the Dec 29 high at 116-065. The oversold conditions have
given energy to the rise, a high of 115-212 so far on the day, although with the
subsequent pullback, there is now earlier resistance from 115-155. Support from
114-260 initially and then 114-185 provide some near term comfort above last
Friday's 114-092 base. Above 115-212 and the 115-222/115-270 region next.

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