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(M0) Correcting Lower *RES 4:...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Correcting Lower
*RES 4: 126-00 Round number resistance
*RES 3: 125-286 High Mar 9 and bull trigger
*RES 2: 125-222 High Mar 12
*RES 1: 124-286 High Mar 17
*PRICE: 123-16 @ 10:30 GMT, Mar 18
*SUP 1: 123-08 Low Mar 5 and Intraday low and just above the 50-day EMA
*SUP 2: 122-16 Low Mar 3
*SUP 3: 121-272 Low Feb 28
*SUP 4: 121-206 50-day EMA
5yr futures are lower. The contract has traded back to an important area of
support around 123-07 marking the 20-day EMA. A clear breach of this average
would reinforce the current bearish risk and allow for a deeper pullback of what
is a much needed correction. A break lower would open 122-16, Mar 3 low and
potentially the 50-day EMA at 121-206. On the upside, initial resistance is at
yesterday's 124-286 high.

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