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(M0) Consolidating But..........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Consolidating But Remains Bullish
*RES 4: 126-046 3.236 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 3: 126-00 Round number resistance
*RES 2: 125-286 High Mar 9 and bull trigger
*RES 1: 125-232 High Apr 21
*PRICE: 125-106 @ 11:25 BST, Apr 24
*SUP 1: 125-062 Low Apr 17
*SUP 2: 124-202 Low Apr 7 and key support
*SUP 3: 124-186 Low Mar 25
*SUP 4: 123-26+ Low Mar 20
5yr futures continue to consolidate. The outlook is unchanged and a bullish view
remains in place. On Apr 7, price bounced off 124-202, just ahead of the 20-day
EMA. The recovery is positive and reinforces the underlying bullish outlook. Key
S/T support is 124-202, Apr 7 low where a break would signal a more significant
reversal. Until then, the focus is on gains and the key resistance at 125-286,
Mar 9 high. A breach of 124-202 alters the picture.

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