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(U17) Fresh Rise Rebuffed By....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U17) Fresh Rise Rebuffed By 118-310/118-320 Resistance
*RES 4: 119-147 Median line off Mar & May lows
*RES 3: 119-025 50% Fibo of 121-215/116-155
*RES 2: 119-022 7 week bull channel top projection
*RES 1: 118-310/320 Apr 17, May 18, Aug 29 highs
*PRICE: 118-212 @0957GMT
*SUP 1: 118-205 Aug 23 high, now support
*SUP 2: 118-157/160 Hourly congestion area Aug 24-28
*SUP 3: 118-132/135 Aug 23, Aug 25 lows
*SUP 4: 118-057 Aug 16 low
*COMMENTARY* The break through 118-247 switched the overall bias back to the
topside again and has been followed by a renewed challenge to the Apr/May highs
at 118-310/118-320. Above here and the 7 week bull channel top projection at
119-022 and the 50% Fibo retrace at 119-025 can be the next prohibitors to near
term gains. In the interim, support rises to the Aug 23 high at 118-205 but
currently only a loss of 118-157 would suggest some caution.

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