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(U0) Still Stuck In A Range.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U0) Still Stuck In A Range
*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: 125-18 @ 11:20 BST, Jun 02
*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 hold close to the top of the recent range that has been in place
since Apr 21. The range continues to dictate the upper and lower price
boundaries. 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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