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(M0) Bullish Theme Remains......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Bullish Theme Remains 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: 125-22+ @ 11:19 BST, May 22
*SUP 1: 125-116 Low May 18
*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 traded lower Monday following a failure to tackle key resistance at
125-29, May 8 high but has since retraced much of the move. The outlook is
bullish. 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 confirming a resumption of the
uptrend. A break of 125-29 would open 126-00/046. Support is at 125-06+.

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