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(U0) Continues To Trade.........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U0) Continues To Trade Sideways
*RES 4: 126-31+ 0.764 projection of Feb 6 - Mar 9 rally from Mar 18 low (cont)
*RES 3: 126-046 0.618 projection of Feb 6 - Mar 9 rally from Mar 18 low (cont)
*RES 2: 126-00 Round number resistance
*RES 1: 125-246 Contract high May 8 and bull trigger
*PRICE: 125-22+ @ 11:43 BST, May 29
*SUP 1: 125-116 Low May 18
*SUP 2: 125-01+ Low Apr 27 and Low May 6
*SUP 3: 124-202 Low Apr 7 (cont)
*SUP 4: 124-09+ Low Mar 25 (cont)
5yr futures outlook is unchanged and remains bullish however for now, the
contract continues to trade in a sideways manner with the range that has been in
place since Apr 21 still dictating the upper and lower price boundaries. On the
upside, key resistance is 125.246, May 8 high and the contract high. A break
would confirm a resumption of the broader uptrend and open 126.00 initially. On
the downside, key support is at 125-01+.

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