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(U9) Little change ahead of.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) Little change ahead of NY
*RES 4: 119-01+ Sep 8 2017 High
*RES 3: 118-157/31 Upper Bollinger Band (3%)/Sep 7 2017 high
*RES 2: 118-212 61.8% 122-28-111-26+
*RES 1: 118-12/13 Jul 3 high/Jun 25 high
*PRICE: 117-247 @ 11:02 BST, Jul 24
*SUP 1: 117-132/08+ 50-dma/Jun 11 low
*SUP 2: 116-12 May 30 low
*SUP 3: 116-12+ 100-dma
*SUP 4: 115-032 50% 111-26+-118-13
The holding pattern in 5-Yr futures extends into the Wednesday session as modest
weakness overnight is erased ahead of the NY open. Bulls take encouragement from
the positive hold above former trendline-resistance-turned support and the
50-dma. This returns the focus to recent cycle highs & the 61.8% retracement
level at 118-13/212, a break would reignite upside momentum opening 119-01+.
Support at 116-12+ from the 100-dma.
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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