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(Z9) Going Nowhere Fast *RES....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Going Nowhere Fast
*RES 4: 120-172 1.382 projection of rally between Sep 13 - Sep 24 from Oct 1 low
*RES 3: 120-13 Contract high Sep 4 and Oct 4 / Bull trigger
*RES 2: 120-026 High Oct 10
*RES 1: 119-116/12 High Oct 14 / 50-DMA
*PRICE: 118-282 10:15 GMT, Oct 25
*SUP 1: 118-256/232 100-DMA / Low Oct 22
*SUP 2: 118-15 Low Sep 19
*SUP 3: 118-03 Low Sep 13
*SUP 4: 117-222 Low July 31
5yr futures are unchanged once again with the market happy to consolidate.
Prices continue to trade ahead of the 100-dma at 118-256. A bearish outlook
remains intact, a breach of the 100-dma would reinforce this outlook and open
118-15 ahead of 118-03. Note, the latter level marks the midpoint of what
appears to be a broad double top reversal. To revisit contract highs at 120-13,
markets need to reclaim 120-00. For now though, 119.116 is firm resistance.

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