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(U0) Bullish Despite Recent.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U0) Bullish Despite Recent Pullback
*RES 4: 126-04+ 0.764 projection of Jun 5 - 15 rally from Jun 16 low
*RES 3: 126-00 Round number resistance
*RES 2: 125-31+ 0.618 projection of Jun 5 - 15 rally from Jun 16 low
*RES 1: 125-272 High Jun 30
*PRICE: 125-20+ @ 11:13 BST, Jul 2
*SUP 1: 125-16+ 20-day EMA
*SUP 2: 125-096 Low Jun 16 and key near-term support
*SUP 3: 125-03 Low Jun 10
*SUP 4: 124-276 Low Jun 9
Despite the pullback over the past two sessions, 5yr futures remain bullish. The
contract has this week traded through key resistance and the bull trigger at
125-246, May 8 high. The break confirms a resumption of the underlying bull
trend and sets the scene for a climb towards 126-00 next. On the downside key
support has been defined at 125-096, Jun 16 low. A breach of this level is
required to dampen recent bullish developments.

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