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(U18) Rally Continues,..........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U18) Rally Continues, Challenging 50% Fibo Retrace Level
*RES 4: 114-020/035 Hourly high May 30, 76.4% 114-152/112-290
*RES 3: 113-292 May 31 high
*RES 2: 113-280 61.8% Fibo of 114-152/112-290
*RES 1: 113-220/230 50% Fibo of 114-152/112-290, intraday high
*PRICE: 113-212 @1010GMT
*SUP 1: 113-155 Hourly support
*SUP 2: 113-130 Jun 25 low
*SUP 3: 113-095 Jun 22 low
*SUP 4: 113-050 Jun 21 low
*COMMENTARY* This month's spike low to 112-290 was basically a test to the 76.4%
Fibo retrace of the preceding 112-147/114-152 rise. The recovery since has been
relatively quick, this week seeing a further break through pivotal
113-202/113-207 resistance and today challenging the 50% Fibo retrace level at
113-220. Through here and not much then in the way of a higher 113-280/113-292
rise. As a consequence, support moves up to 113-155/113-130, loss would caution.

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