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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: 119-182 @ 11:08 BST, Aug 28
*SUP 1: 118-21+ Low Aug 13
*SUP 2: 118-122 Pivot level
*SUP 3: 118-112/117-08 50-dma/Post Fed Low
Despite the Tuesday recovery, 5-year futures are yet to claw back the losses
suffered since Monday's high, leaving the outlook largely neutral for now.
Upside progress still looks hampered by bullish exhaustion, suggesting there's
little appetite to challenge 120-00 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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