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(U9) Bullish breakout falters...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) Bullish breakout falters
*RES 3: 121-21+ High Nov 9 2016
*RES 2: 120-00 Psychological level
*RES 1: 119-272 Aug 26 high
*PRICE: 119-157 @ 11:02 BST, Aug 26
*SUP 1: 118-21+ Low Aug 13
*SUP 2: 118-122 Pivot level
*SUP 3: 118-092/117-08 50-dma/Post Fed Low
US Treasury futures gapped higher across the curve Monday, resulting in the
five-year future showing above the best levels of mid-August to print 119-272.
Upside progress faltered from there, however, suggesting there's little appetite
to challenge the 120-00 psychological resistance without further impetus.
However, the medium-term uptrend still persists, pointing to targets at 121-21+.
As long as markets stay above the 118-122 pivot level, the outlook should remain
positive.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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