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(U18) Narrow Range Intact.......>

US 5YR FUTURE TECHS: (U18) Narrow Range Intact
*RES 4: 113-292 May 31 high
*RES 3: 113-28 61.8% of 112.2925/114-1525
*RES 2: 113-26 Jul 6 high
*RES 1: 113-257 Aug 15 high
*PRICE: 113-202 @ 09:12 GMT
*SUP 1: 113-147 50% Retracement of Recent Recovery
*SUP 2: 113-127 Aug 6 high
*SUP 3: 113-045 Aug 8 low
*SUP 4: 112-305 Aug 1 Low
Failure to close above 113-22 on Friday keeps the the 5-year note's narrow range
intact. A close above 113-22 would represent the highest since mid-April and
would confirm bullish momentum, a sustained break above 113-25 opens the way to
the May 31 high of 113-292. In the event of a correction, holding 113-147 would
maintain the positive technical picture.

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