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(U0) Range Breakout *RES 4:.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U0) Range Breakout
*RES 4: 125-172 High Jun 3
*RES 3: 125-10+ High Jun 4
*RES 2: 125-05+ High Jun 5
*RES 1: 125-01+ Low Jun 6 and former range base
*PRICE: 124-25+ @ 11:26 BST, Jun 08
*SUP 1: 124-180 Low Jun 6
*SUP 2: 124-202 Low Apr 7 (cont)
*SUP 3: 124-09+ Low Mar 25 (cont)
*SUP 4: 124.062 2.618 projection of May 8 - 18 swing from Jun 1 high
5yr futures risk near-term is to the downside following 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 and signals a near-term reversal of the recent
uptrend. Note too that price has also traded through the 50-day EMA, reinforcing
the bearish threat. Attention is on 24-202 as the immediate downside target.
Initial resistance is at 125-012.

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