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(M18) 113-270 Back In Sight.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) 113-270 Back In Sight After 114-092 Caps Recovery
*RES 4: 114-270 Feb 9 high
*RES 3: 114-200 Feb 7 high
*RES 2: 114-127/155 Mar 2, Feb 14 highs
*RES 1: 114-080/092 Mar 6, Mar 14 highs
*PRICE: 113-290 @1016GMT
*SUP 1: 113-270 Congestion area Feb 15-Feb 28
*SUP 2: 113-222/232 Feb 20-Feb 28 lows
*SUP 3: 113-210 Feb 15 low
*SUP 4: 112-287 1% volatility band
*COMMENTARY* Had gradually continued to recover since hitting a 113-210 low in
the middle of last month. Facing resistance from between 114-080/114-155, above
which would allow a higher 114-200/114-270 rise, as we claw back losses from the
Feb 6 high at 115-127. Meanwhile, after support from 114-005 was lost, the
congested 113-270 area and then 113-222 become the nearest downside levels of
note. A loss of the latter would return overall bias/interest to the downside.

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