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(M0) Recovers Off The 20-day....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Recovers Off The 20-day EMA
*RES 4: 125-286 High Mar 9 and bull trigger
*RES 3: 125-222 High Mar 12
*RES 2: 124-286 High Mar 17
*RES 1: 124-14+ High Mar 19
*PRICE: 124-10 @ 10:30 GMT, Mar 20
*SUP 1: 123-08 Low Mar 5 and 19 and just above the 20-day EMA
*SUP 2: 122-16 Low Mar 3
*SUP 3: 121-272 Low Feb 28
*SUP 4: 121-256 50-day EMA
5yr futures remain volatile. The contract has this week tested an important
support highlighted by the 20-day EMA. This week's low of 123-08 is an important
bear trigger. If breached it would set the scene for a deeper retracement
towards 122-16, Mar 3 low and potentially the 50-day EMA at 121-256. On the
upside, initial resistance is at yesterday's 124-14+ high. A break would further
ease recent bearish pressure and open 124-286.

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