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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: 125-092 @ 11:18 BST, Jun 04
*SUP 1: 125-05+ Low Jun 3
*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 this week eased off recent highs. The range that has been in
place since Apr 21 remains intact and continues 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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