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(U0) Eases Off Recent Highs.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U0) Eases Off Recent Highs
*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: 125-156 @ 11:31 BST, Jun 03
*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 prices have eased off recent highs week with the range that has been in
place since Apr 21 still intact and continuing to dictate the upper and lower
price boundaries of price action. The underlying trend outlook is unchanged and
remains bullish. 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 lies at 125-01+.

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