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

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Still Trading Sideways
*RES 4: 126-132 3.382 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 3: 126-046 3.236 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 2: 126-00 Round number resistance
*RES 1: 125-29 Contract high May 8 and bull trigger
*PRICE: 125-21 @ 11:37 BST, May 28
*SUP 1: 125-116 Low May 18
*SUP 2: 125-05+/06+ Low Apr 27 / Low May 6 and key support
*SUP 3: 124-202 Low Apr 7
*SUP 4: 124-186 Low Mar 25
5yr futures outlook is unchanged and remains bullish however for now, the
contract continues to trade in a sideways manner with the range that has been in
place since Apr 21 still dictating the upper and lower price boundaries. On the
upside, key resistance is 125.29, May 8 high and the contract high. A break
would confirm a resumption of the broader uptrend and open 126.00 initially. On
the downside, key support is at 125-05+.

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