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(U17) Bounces After Hold........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U17) Bounces After Hold Above 61.8% Fibo Level
*RES 4: 118-310/320 Apr 17, May 18 highs
*RES 3: 118-247 Jun 14 high
*RES 2: 118-220 Aug 11 high
*RES 1: 118-192/195 Hourly resistance
*PRICE: 118-182 @1041GMT
*SUP 1: 118-125 Hourly support
*SUP 2: 118-090/105 Initial rally high Aug 16, Aug 17 low
*SUP 3: 118-050/057 61.8% of 117-265/118-220, Aug 16 low
*SUP 4: 118-010 76.4% Fibo of 117-265/118-220, Aug 1 low
*COMMENTARY* Recovery after the test towards the 61.8% Fibo retrace at 118-050
on Wednesday, has seen a slight move above 118-182 resistance. Will need to
sustain a break through here before the near term bias can switch to higher
again and a renewed challenge to 118-220/118-247. In the meantime, look to
118-125/118-090 for support, loss of the latter would spoil recent recovery and
put that 118-050 level back under pressure. 

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