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(U0) Top End of Recent Range....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U0) Top End of Recent 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: 125-20+ @ 11:06 BST, Jun 01
*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)
Prices hold close to the top of the recent range, but this does little change
the outlook for now, which remains bullish. The range seen from Apr 21 is still
in place, dictating the upper and lower price boundaries. 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 is at 125-01+.

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