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(Z17) 118-172 Reaction Can......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z17) 118-172 Reaction Can Provide Intraday Direction 
*RES 4: 119-220 50% 121-215/116-155, 61.8% 122-285/116-155
*RES 3: 119-025/030 50% 121-215/116-155,8 week bull channel 
*RES 2: 118-310/320 Apr 17, May 18 highs
*RES 1: 118-285 Sep 6 high
*PRICE: 118-230 @1000GMT
*SUP 1: 118-192/195 Hourly support, Sep 6 low
*SUP 2: 118-172 Sep 3 high, now support
*SUP 3: 118-135 Sep 5 low
*SUP 4: 118-095/115 Sep 1 low, 8 week rising support line
*COMMENTARY* Still basically trading within the 8 week bull channel, a high of
118-285 seen on Wednesday, as we head back towards the Apr & May highs between
118-310/118-320. The channel top and the 50% Fibo retrace level are in the
slightly higher 119-025/119-030 region. As a result, support now comes initially
from 118-195/118-192, although the lower 118-172 area currently provides a
stronger back up below. Loss here would caution.

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