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(M0) Still Trading Sideways.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Still Trading Sideways
*RES 4: 126-046 3.236 Fibonacci projection of Jan 9 - 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: 125-232 High Apr 21
*PRICE: 125-11+ @ 11:30 BST, May 7
*SUP 1: 125-05+ Low Apr 27
*SUP 2: 124-202 Low Apr 7 and key support
*SUP 3: 124-186 Low Mar 25
*SUP 4: 123-26+ Low Mar 20
5yr futures are still trading sideways. In terms of the broader direction,
conditions are unchanged and remain bullish with initial support is at 125.05+,
Apr 27 low. On Apr 7, price bounced off 124-202, just ahead of the 20-day EMA.
The recovery is a positive development and reinforces a bullish theme. The focus
is on 125-232, Apr 21 high where a break would confirm a bull trend resumption
and open 125-286, Mar 9 high. Key support is at 124-202.

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