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(U0) Sideways Price Action......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U0) Sideways Price Action
*RES 4: 126-00 Round number resistance
*RES 3: 125-246 High May 8 and key resistance
*RES 2: 125-232 High May 15
*RES 1: 125-21 High Jun 15
*PRICE: 125-132 @ 11:25 BST, Jun 23
*SUP 1: 125-03 Low Jun 10
*SUP 2: 124-276 Low Jun 9
*SUP 3: 124-18 Low Jun 5 and bear trigger
*SUP 4: 124-176 2.00 projection of May 8 - 18 swing from the Jun 1 high
5yr futures continue to consolidate. The contract maintains a positive tone
though. Recent gains have brought it within touching distance of key resistance
at 125-246, May 8 high. A break would confirm a resumption of the underlying
uptrend and open 126-000. On the downside, initial support is seen at 125-03,
Jun 10 low. Clearance of this support would again refocus attention on the Jun 5
low of 124-180.

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