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(Z18) Outlook Turning Bearish...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) Outlook Turning Bearish As Uptrend Broken
*RES 4: 113-27+ August 22 high
*RES 3: 113-227 Top of Triangle beginning May
*RES 2: 113-05 Sep 5 low, 100-DMA/50-DMA
*RES 1: 113-012 Bottom of Triangle beginning May
*PRICE: 112-31 @ 09:44 GMT, Sep 10
*SUP 1: 112-30+ Aug 1 low
*SUP 2: 112-29+ Jun 13 low
*SUP 3: 112-25+ May 17 low
*SUP 4: 112-12+ June 2009 low (Continuous contract)
The 5-Yr contract has broken lower through key support at the bottom of the
triangle formation it has been trading in since May at 113-012. Given the failed
retest of that trendline support-turned-resistance intraday on Monday, the bears
are in control. They will be looking at support at the 112-31+ Aug 1 low in the
first instance, then at the 112-29+ and 112-25+ levels which represented Jun and
May lows. After that, 9-year lows await.

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