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(M18) Bounces But...............>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) Bounces But 114-127/114-155 In Way Of Further Gains
*RES 4: 115-012 Hourly high Feb 6
*RES 3: 114-270 Feb 9 high
*RES 2: 114-200 Feb 7 high
*RES 1: 114-127/155 Mar 2, Feb 14 highs
*PRICE: 114-057 @1220GMT
*SUP 1: 114-005 Mar 2 low
*SUP 2: 113-270 Congestion area Feb 15-Feb 28
*SUP 3: 113-210 Feb 15 low
*SUP 4: 112-270 1% volatility band
*COMMENTARY* Has gradually continued to recover since hitting a 113-210 low in
the middle of last month. Now facing resistance from 114-127/114-155, 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, nearest support comes from last Friday's
114-005 low and then the congested 113-270 area. A loss of the latter would
return overall bias/interest to the downside.

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