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(U17) 117-295 Support The Key...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U17) 117-295 Support The Key To Any Continued Recovery
*RES 4: 118-247/250 Jun 14 high, Median line Mar & May lows
*RES 3: 118-140/145 Jun 26 high, 76.4% of 118-247/117-132
*RES 2: 118-095/097 Jul 24, Jul 21 highs
*RES 1: 118-072 Jul 26 high
*PRICE: 118-042 @1005GMT
*SUP 1: 117-295/302 Hourly support, Jul 28 low
*SUP 2: 117-265/270 Jul 25 low, initial rally high Jul 13
*SUP 3: 117-235 Jul 13 low
*SUP 4: 117-200 76.4% Fibo of 117-132/118-097
*COMMENTARY* Found support from the upper end of the 117-265/117-200 support
band, before seeing a decent rebound, which moved slightly above 118-060. So
far, this has been short lived but the near term recovery bias stays intact
while any pullbacks can hold above 117-295. Main resistance however, remains
from the months 118-095/097 highs, these the bar to a 118-140/145 rise. Loss of
117-295 will caution and put 117-265 under pressure again.

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