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(Z17) Bears Need Close Below....>

US 5YR FUTURE TECHS: (Z17) Bears Need Close Below 117-03+
*RES 4: 117-21+ High Oct 4 
*RES 3: 117-17 Daily Bear channel top 
*RES 2: 117-15+ Hourly resistance Oct 16, 21-DMA 
*RES 1: 117-13+ High Oct 17
*PRICE: 117-11 @ 0930GMT
*SUP 1: 117-07+ Alternating hourly support/resistance
*SUP 2: 117-05 Low Oct 18
*SUP 3: 117-03+ Low July 7 
*SUP 4: 116-30 Daily Bear channel base
*COMMENTARY: Pressure returned to the 117-03+ support with bears needing a close
below to initially target the bear channel base. Daily studies have room to move
before O/S is an issue although the Bollinger base (117-03) has potential to
limit follow through. Bulls take comfort in the bounce from 117-05 but layers of
resistance remain 117-13+/117-21+. Bulls need a close above 117-21+ to conform
focus on 117-25+/118-01 where 55 & 100-DMAs are located.

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