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(M18) Bulls Need Close Above....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) Bulls Need Close Above 113-07+
*RES 4: 113-17+ High May 7
*RES 3: 113-11+ Alternating hourly support/resistance, 21-DMA
*RES 2: 113-07+ Low May 4 now resistance
*RES 1: 113-05+ Low May 14 now resistance
*PRICE: 112-31+ @ 0930GMT
*SUP 1: 112-27+ 2018 Low May 15
*SUP 2: 112-22+ Daily Bear channel base
*SUP 3: 112-12+ 2009 Low June 2009
*SUP 4: 111-06+ Monthly Low Oct 2008
*COMMENTARY: The aggressive sell-off Tuesday saw fresh 2018 & 9 yr lows with
immediate focus on the bear channel base and overall focus now on the 2009 low.
Layers of resistance have been left in the wake with bulls now needing a close
above 113-07+ to ease bearish pressure and above the 21-DMA to target a
correction back to 113-17+/26+ where the bear channel top and 55-DMA are
situated.

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