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

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: 125-163 @ 11:25 BST, May 1
*SUP 1: 125-05+ Low Apr27
*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 have recovered off recent lows but for the most part continue to
consolidate. Initial support lies at 125.05+, Monday's low. The outlook is
bullish. On Apr 7, price bounced off 124-202, just ahead of the 20-day EMA. The
recovery is a positive development and reinforces an underlying bullish outlook.
The focus is on 125-232, the Apr 21 high where a break would confirm a bull
trend resumption and open 125-286, Mar 9 high. Key S/T support is at 124-202.

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