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(M0) Tests The 20-day EMA.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Tests 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: 124-02+
*PRICE: 123-242 @ 10:31 GMT, Mar 19
*SUP 1: 123-08 Low Mar 5 and intraday low and just above the 20-day EMA
*SUP 2: 122-16 Low Mar 3
*SUP 3: 121-272 Low Feb 28
*SUP 4: 121-23 50-day EMA
5yr futures futures remain volatile with bearish conditions still intact. 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 121-23. On the upside, initial resistance is at
yesterday's 124-02+ high.

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