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(M0) Firmer *RES 4: 126-046.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Firmer
*RES 4: 126-046 3.236 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 3: 125-286 High Mar 9 and bull trigger
*RES 2: 125-222 High Mar 12
*RES 1: 125-20+ High Apr 1
*PRICE: 125-156 @ 11:39 BST, Apr 16
*SUP 1: 124-302 Low Apr 14
*SUP 2: 124-202 Low Apr 7
*SUP 3: 124-186 Low Mar 25 and key near-term support
*SUP 4: 123-26+ Low Mar 20
5yr futures traded higher yesterday and appear set to extend gains. Last week
price found support at 124-202, just ahead of the 20-day EMA. This is a bullish
development and reinforces the underlying positive outlook. The key S/T support
lies at 124-186, Mar 25 low where a break would signal a more significant
reversal. Until then, the focus is on a climb to 125-222, Mar 16 high and the
key resistance at 125-286, Mar 9 high. A breach of 124-186 alters the picture.

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