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

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z17) Bears Need Close Below 117-03+
*RES 4: 117-17+ Daily Bear channel top A 
*RES 3: 117-15+ Hourly resistance Oct 16 
*RES 2: 117-13+ High Oct 17 & 19 
*RES 1: 117-08+ Hourly Resistance Oct 19
*PRICE: 117-05+ @ 0930GMT
*SUP 1: 117-05  Low Oct 18
*SUP 2: 117-03+ Low July 7 
*SUP 3: 116-28+ Daily Bear channel base A 
*SUP 4: 116-11+ Daily Bear channel base B
*COMMENTARY: The contract is pressuring key supports with bears needing a close
below 117-03+ to confirm focus on channel bases 116-11+/28+. Daily studies have
room to move before O/S becomes an issue. The Bollinger base 117-032 is the key
concern for bears with potential to limit follow through. Layers of resistance
remain 117-13+/17+ with bulls needing a close above the channel top to hint at a
shift higher is focus and above 117-21+ to target 55 & 100-DMAs (117-28/30).

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