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(M18) 113-00+ Resistance........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) 113-00+ Resistance Remains Key
*RES 4: 113-09  21-DMA
*RES 3: 113-07+ Low May 4 now resistance
*RES 2: 113-05+ Low May 14 now resistance
*RES 1: 113-00+ High May 16
*PRICE: 112-30 @ 0930GMT
*SUP 1: 112-25  2018 Low May 17
*SUP 2: 112-20+ Daily Bear channel base
*SUP 3: 112-12+ 2009 Low June 2009
*SUP 4: 111-06+ Monthly Low Oct 2008
*COMMENTARY: Fresh 2018 & 9 yr lows lacked follow through Thursday which is less
than ideal given daily studies at O/S levels. In saying that, immediate bearish
focus remains on the daily bear channel base. The 113-00+ resistance remains
key. Bulls need a close above 113-00+ to gain breathing room and above the
21-DMA to target a correction back to 113-17+/25+ where the bear channel top and
55-DMA are situated.

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