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(Z17) Correction Continues As...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z17) Correction Continues As 118-090/118-097 Gives Way
*RES 4: 118-277/285 Hourly recovery Sep 8, Sep 6 high
*RES 3: 118-237 Sep 11 high
*RES 2: 118-192 Sep 10 low, now resistance
*RES 1: 118-132 Sep 13 high
*PRICE: 118-072 @1026GMT
*SUP 1: 118-057 Hourly support
*SUP 2: 118-025 50% Fibo of 117-035/119-015
*SUP 3: 117-272/280 61.8% Fibo of 117-035/119-015, Aug 16 low
*SUP 4: 117-170/180 Jul 25 low, 76.4% Fibo of 117-035/119-015
*COMMENTARY* Having lost support from the 9 week bull channel earlier in the
week, today we have traded slightly below the next key area between
118-097/118-090. Loss continues the correction of the 117-035/119-015 gains seen
since early July. This now sees the potential for a deeper fall towards the next
set of supports between 118-025/117-272. Meanwhile, resistance falls to 118-132,
above here currently needed for some near term respite.

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