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(U0) Corrective Bounce *RES.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U0) Corrective Bounce
*RES 4: 125-172 High Jun 3
*RES 3: 125-10+ High Jun 4
*RES 2: 125-05+ High Jun 5
*RES 1: 125-032 Intraday high
*PRICE: 125-006 @ 11:34 BST, Jun 08
*SUP 1: 124-276 Intraday low
*SUP 2: 124-180 Low Jun 6
*SUP 3: 124-176 2.00 projection of May 8 - 18 swing from the Jun 1 high
*SUP 4: 124-09+ Low Mar 25 (cont)
5yr futures have bounced off recent lows and defined a key short-term support at
124-18, Jun 5 low. The move higher is for now being viewed as a correction with
a bearish theme continuing to dominate the short-term outlook. This follows last
week's move lower and more importantly Friday's break of support at 125-012, Jun
5 low. The break lower confirmed a range breakout. Attention is on 24-202, the
next downside target. Initial resistance is at 125-05+.

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