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(M0) Bullish Theme Intact.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Bullish Theme Intact
*RES 4: 126-132 3.382 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 3: 126-046 3.236 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 2: 126-00 Round number resistance
*RES 1: 125-29 Contract high May 8 and bull trigger
*PRICE: 125-242 @ 11:26 BST, May 18
*SUP 1: 125-12 Low May 12
*SUP 2: 125-05+/06+ Low Apr 27 / Low May 6 and key support
*SUP 3: 124-202 Low Apr 7
*SUP 4: 124-186 Low Mar 25
5yr futures start the week unchanged and still consolidating. On May 7 the
contract traded through 125-232, Apr 21 high to reinforce a bullish theme.
Furthermore, the high print of 125-29 on May 8 was just above the former
contract high of 125-286 from Mar 9. The break higher confirms a resumption of
the uptrend and reinforces a bullish outlook. A break of 125-29 would open
126-00 and 126-046. The latter is a Fibonacci projection. 125-06+ marks support.

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