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(Z0) Extends This Week's Gains

US 5YR FUTURE TECHS
  • RES 4: 126-006 76.4% retracement of the Sep 30 - Oct 7 sell-off
  • RES 3: 125-316 High Oct 5
  • RES 2: 125-30+ 61.8% retracement of the Sep 30 - Oct 7 sell-off
  • RES 1: 125-302 Intraday high
  • PRICE: 125-30 @ 11:13 BST Oct 15
  • SUP 1: 125-27 Low Oct 14
  • SUP 2: 125-23+ Low Oct 13
  • SUP 3: 125-202 Low Oct 7 and the bear trigger
  • SUP 4: 125-16+ 1.00 proj of Aug 4 - 13 sell-off from Sep 3 high

5yr futures have extended gains today and appear set to appreciate further. This week's rally marks a potential reversal of the recent decline between Sep 30 and Oct 7. Futures have traded through a resistance zone defined by the 20- and 50-day EMAs. A clear breach of this zone would strengthen a S/T bullish argument and open 125-316, Oct 5 high. Initial support is at 125-27, yesterday's low. The reversal trigger is at 125-202, Oct 7 low.

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