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(Z9) Clears Channel.............>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Clears Channel Resistance
*RES 4: 119-14+ 61.8% retracement of Oct 4 - Nov 7 decline
*RES 3: 119-10+ High Nov 1 and key bull trigger
*RES 2: 119-01+ High Nov 4
*RES 1: 118-292 Intraday high
*PRICE: 118-266 11:15 GMT, Nov 20
*SUP 1: 118-14+ Low Nov 18
*SUP 2: 118-03 Low Nov 13
*SUP 3: 117-292 Low Nov 7 and bear trigger
*SUP 4: 117-222 Low July 31
5yr futures have extended the recent recovery today confirming a break of
channel resistance drawn off the Oct 4 high. The break follows a move above
former resistance at 118-232, Nov 7 high and highlights an important short-term
technical development. Scope is seen for a climb towards the Nov 1 high of
119-10+. Short-term support has been defined at 118-14+, Nov 18 low where a
break is required to threaten the current bullish theme.

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