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(Z17) Bulls Need Close Above....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z17) Bulls Need Close Above 117-05+
*RES 4: 117-12  High Nov 3 
*RES 3: 117-05+ High Nov 15 
*RES 2: 117-02  Daily Bear channel top 
*RES 1: 117-01+ 21-DMA
*PRICE: 116-29+ @ 1030GMT
*SUP 1: 116-26  High Nov 22 now support
*SUP 2: 116-22+ Bollinger band base
*SUP 3: 116-20+ Low Nov 22
*SUP 4: 116-12  Daily Bear channel base
*COMMENTARY: Layers of resistance 117-01+/05+ where the bear channel top &
21-DMA are located remain key. Bulls need a close above 117-05+ to confirm an
easing of bearish pressure and to shift immediate focus to 117-12/13+ where the
55-DMA (117-12+) is located. Bears dominate while 117-05+ caps and remain
focused on the bear channel base with below 116-26 to gain breathing room and
below 116-20+ to confirm.

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