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(M0) Off This Week's Highs......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Off This Week's Highs
*RES 4: 126-046 3.236 projection of Jan 9 - Jan 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: 125-06+ High Mar 10
*PRICE: 124-152 @ 10:41 GMT, Mar 11
*SUP 1: 123-252 Low Mar 6
*SUP 2: 123-08 Low Mar 5
*SUP 3: 122-16 Low Mar 3
*SUP 4: 122-166 20-day EMA
5yr futures traded lower yesterday having staged an impressive pullback off
Monday's high of 125-286. The strong uptrend has been in overbought territory
for some time and perhaps now we can consider the beginning of a much needed
technical correction. A move below Friday's 123-252 would suggest scope for
123-08, the Mar 5 low. A deeper pullback would open 122-15+, the 20-day EMA.
Initial resistance is at 125-06+, the bull trigger is 125-286.

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