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(M0) Still Trading Below........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Still Trading Below Monday's High
*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: 125-01+ @ 10:31 GMT, Mar 12
*SUP 1: 123-272 Low Mar 10
*SUP 2: 123-08 Low Mar 5
*SUP 3: 122-21 20-day EMA
*SUP 4: 122-16 Low Mar 3
5yr futures are firmer today but still trade below Monday's 125-286 high
following Tuesday's sharp pullback. The strong uptrend has been in overbought
territory for some time and the focus is on the potential for a much needed
technical correction. Key S/T support has been defined at Tuesday's 123-272 low
and this level would need to give way to allow for a deeper pullback. Until
then, the risk is for a retest of recent highs and a resumption of the uptrend.

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