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(Z18) Consolidating In Range....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) Consolidating In Range
*RES 4: 114-17 April 4 high (contract high)
*RES 3: 113-24 May 29 High
*RES 2: 113-20 Jul Range High / Aug 22 high
*RES 1: 113-19 Trendline resistance off May/Aug Highs
*PRICE: 113-077 @ 10:27 GMT
*SUP 1: 113-04 Aug 29 low
*SUP 2: 113-000 Trendline support off May 16/Aug 1 low
*SUP 3: 112-27 50% retracement 113-24/111-302
*SUP 4: 112-22 Aug 1 low
Consolidation remains the short-term theme, but the medium-term uptrend for the
Dec18 future remains intact. Immediate support is provided by the 50-DMA at
113-057, and beyond that, the upward trendline at 113-00. On the upside, the
contract faces major resistance in the 113-19/113-20 area, which represents not
just a two-month trendline from the May and August highs, but also the top of
the range in which it has been trading in since the beginning of July.

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