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(M0) Uptrend Still Intact.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Uptrend Still Intact
*RES 4: 124-226 2.500 projection of Jan 9 - Jan 31 rally from Feb 6 low
*RES 3: 124-152 2.382 projection of Jan 9 - Jan 31 rally from Feb 6 low
*RES 2: 124-062 2.236 projection of Jan 9 - Jan 31 rally from Feb 6 low
*RES 1: 124-00 High Mar 3
*PRICE: 123-18 @ 11:49 GMT, Mar 4
*SUP 1: 122-16 Low Mar 3
*SUP 2: 121-272 Low Feb 28
*SUP 3: 121-012 20-day EMA
*SUP 4: 121-01 Low Feb 25
5yr futures remain bullish. The contract traded to a fresh high print yesterday
of 124-00 following the Fed rate cut. Last week's impulsive rally resulted in a
breach of 120-256, Jan 31 high. The break confirmed a resumption of the broader
uptrend that has been in place since the Dec lows and bulls have not looked
back. MA studies remain in bull mode reinforcing current trend conditions. A key
near-term support has been defined at 122-16, the Mar 3 low.

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