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(M18) 113-222/113-232 Now The...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) 113-222/113-232 Now The Bar To Further Recovery Hopes
*RES 4: 113-312 Apr 17 high
*RES 3: 113-257/262 Apr 16 low, 1.618 proj'n tgt from 113-097
*RES 2: 113-222/232 Apr 18 low, May 4 high
*RES 1: 113-200/212 Hourly resistance
*PRICE: 113-152 @1014GMT
*SUP 1: 113-097/120 May 2 low, hourly support
*SUP 2: 113-062 Apr 25 low
*SUP 3: 112-290 Equality fall from 114-207 to 115-127/113-210
*SUP 4: 112-210 Equality fall from 118-320 to 122-285/116-155
*COMMENTARY* The loss of pivotal 113-272 support returned the focus to the
downside last month, followed by a break of the key 113-180/113-170 area. A low
of 113-062 so far, this ahead of 112-290, the first of two equality fall
targets. As a consequence, resistance moves to 113-222/113-232, above the latter
would further reinforce the recent break back above the 3 week downtrend and
allow a higher 113-257/113-312 recovery.

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