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(Z9) Correcting Higher *RES.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Correcting Higher
*RES 4: 120-026 High Oct 10
*RES 3: 119-09+ 50-DMA
*RES 2: 119-046 High Oct 16
*RES 1: 118.31+ High Oct 25
*PRICE: 118-27+ 10:44 GMT, Oct 31
*SUP 1: 118-14 Low Oct 29 and intraday low
*SUP 2: 118-03 Low Sep 13 and key support
*SUP 3: 117-222 Low July 31
*SUP 4: 117-17+ 1.236 projection of Sep 4 - Sep 13 decline from Oct 4 high
5yr futures continue to recover off this weeks low of 118-14. For now this move
is being viewed as a correction while resistance at 119-046 remains intact. The
recent move down to 118-14 is seen paving the way for an extension towards
118-03, Sep 13 low and also the next key support. Note, 118-03 marks the
midpoint of what appears to be a broad double top reversal, potentially an
indication of what lies ahead sentiment wise. 118-31+ is first resistance.

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