(Z18) Sticks To Recent Range....>

US 5YR FUTURE TECHS: (Z18) Sticks To Recent Range

*RES 3: 113-07+ 100-DMA

*RES 2: 113-00 Bottom of Triangle beginning May

*RES 1: 112-28 50% 113-277-111.28

*PRICE: 112-07 @ 10:47 GMT, Oct 11

*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

After the equity market rout Wednesday, Treasuries saw firm support across the

curve, lifting 5yr futs to touch 112-11 before pulling back slightly in Asia.

Despite the surge, few key resistance levels were taken out, leaving the

medium-term picture broadly neutral. Daily momentum indicators remain entirely

negative, keeping focus on the recent cycle lows of 111-26+ for bears. Below

there, the Oct 14 2008 low at 111-07+ provides support. Bulls initially need to

reclaim the 100-dma & Aug highs to change the short-term outlook, before

targeting triangle top resistance at 113-22.