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(Z9) Better footing for bulls...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Better footing for bulls
*RES 3: 121-21+ High Nov 9 2016
*RES 2: 120-097 Aug 26 High
*RES 1: 120-057-062 Congestion resistance
*PRICE: 120-01+ @ 10:59 BST, Sep 3
*SUP 1: 118-21+ Low Aug 13
*SUP 2: 118-122 Pivot level
*SUP 3: 118-247/117-08 50-dma/Post Fed Low
After a lacklustre finish last week, 5-year futures sit on better footing early
Tuesday, having taken out 120-00 psychological resistance, keeping the pressure
on the recent cycle highs printed up at 120-097. Nonetheless, markets have been
in sell-rallies mode of late, and this looks to remain the case absent an
external catalyst to break higher. This makes a neutral outlook and sideways
trade the most likely for now. As long as markets stay above the 118-122 pivot
level, howeer, the outlook remains positive.

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