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(H19) Range Trading *RES 4:.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H19) Range Trading
*RES 4: 114-222     May 30 high
*RES 3: 114-19+     38.2% 119-01+-111-277
*RES 2: 114-04+     May 31 high
*RES 1: 113-277     Aug 22 high
*PRICE: 113-14      @ 10:35 GMT, Dec 13
*SUP 1: 112-272/187 50% 111-277-113-26+/50-dma
*SUP 2: 111-26+     Oct 8 ten-year low
*SUP 3: 111-07+     Oct 14 2008 low
*SUP 4: 110-29+     50% 96-25+-125-01+
*SUP 5: 108-15      2008 lows
5-year futures rallied to near 4-month highs of 113-26+ this week, before paring
light gains to hold in narrow range trade. Bulls need a break of the Aug 22 high
at 113-277 to build on recent momentum, opening the May 31 high at 114.04+.
Bears need to clear the 50% fibo & 50-dma at 112-272/187 to regain control,
opening a deeper correction toward the Oct 8 ten-year low at 111-07+.

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