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(M18) Today's Rally Looks.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) Today's Rally Looks Like An Exhaustion Spike
*RES 4: 114-207 Apr 2 high
*RES 3: 114-180 61.8% Fibo of 115-212/112-250
*RES 2: 114-117/122 Intraday high, 1% volatility band
*RES 1: 114-075/085 Hourly resistance
*PRICE: 114-017 @1040GMT
*SUP 1: 113-307 May 28 high, now support
*SUP 2: 113-265 Intraday low
*SUP 3: 113-242 May 25 high, now support 
*SUP 4: 113-182/187 May 28 low, May 24 high
*COMMENTARY* Has continued to gain considerably over the last week or so but
today's 113-265/114-117 rise looks like an exhaustion spike. This has basically
seen a recovery to the upper 1% volatility band, a known inhibitor to gains. The
subsequent fall does nothing to question this so far, look to 113-307 and then
the day's 113-265 low for support and clues. A loss of the latter would open up
some further correction of the rise from 112-250.

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