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(Z18) Paring Light Gains *RES...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) Paring Light Gains
*RES 4: 114-187/22 38.2% 119-01-111-26+/May30 high
*RES 3: 113-11/22  200-dma/Top of Triangle beginning May
*RES 2: 112-287    100-DMA
*RES 1: 112-27     50% 113-277-111-26+
*PRICE: 112-177    @ 10:25 GMT, Nov 16
*SUP 1: 111-07+    Oct 14 2008 low
*SUP 2: 110-30     61.8% 102-26-125-00
*SUP 3: 109-042    Sep 30 2008 low
*SUP 4: 108-15     2008 lows
5-Year futures have failed to build on early momentum this week and continue to
hold a narrow 20 tick range. Bulls initially need to reclaim the 200-dma to
change the short-term outlook, before targeting triangle top resistance from May
at 113-22. Bears need a break of the Oct 14 2008 low at 111-07+ and 61.8%
retracement of 102-26-125-00 at 110-30 to resume the longer-term downtrend,
opening a run at multi-year lows of 108-15.

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