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(Z9) Bullish Outlook Intact.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Bullish Outlook Intact
*RES 4: 119-262 76.4% retracement of Oct 4 - Nov 7 decline
*RES 3: 119-14+ 61.8% retracement of Oct 4 - Nov 7 decline
*RES 2: 119-10+ High Nov 1 and key bull trigger
*RES 1: 119-01 High Nov 21
*PRICE: 118-242 11:27 GMT, Nov 26
*SUP 1: 118-172 Low Nov 25
*SUP 2: 118-132/14+ Channel top drawn off the Oct 4 high / Low Nov 18
*SUP 3: 118-03 Low Nov 13
*SUP 4: 117-292 Low Nov 7 and bear trigger
5yr futures have started the week on a firmer note. This suggests the sell-off
last week was a correction. This is in line with a bullish outlook following the
recent break of channel resistance drawn off the Oct 4 high. The channel break
highlights an important S/T technical development and scope is seen for a climb
to the Nov 1 high of 119-10+. Support has been defined at 118-14+, Nov 18 low. A
break here is needed to instead see a bearish threat reinstated.

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