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(H19): Consolidation Phase......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H19): Consolidation Phase
*RES 4: 115-212         Feb 6 high
*RES 3: 115-14          50% 119-01-111-26
*RES 2: 115-122         Jan 3 high
*RES 1: 114-30          Jan 31 high
*PRICE: 114-117         @ 10:39 GMT, Feb 5
*SUP 1: 114-00/113.20   50-dma/50% 111-277-115-122
*SUP 2: 113-092/057     200-dma/100-dma
*SUP 3: 111-26+         Oct 8 ten-year low
*SUP 4: 111-07+         Oct 14 2008 low
Having topped out at 114-30 last week, bullish exhaustion has seen 5-Yr futures
ease toward the 114-15 area and settle in the range. Bulls continue to target a
break of 115-00 & the Jan 3 high to build on momentum, opening a move towards
the 50% retracement level at 115-14. Bears need to clear the 50-dma at 114-00 to
confirm a failed break, bringing the 200 & 100-dma's back into view at
113-092/057.

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