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(Z9) Holds Above Former.........>

US 5YR FUTURE TECHS: (Z9) Holds Above Former Channel Top
*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: 118-256 11:22 GMT, Nov 22
*SUP 1: 118-16+ Former channel top drawn off the Oct 4 high
*SUP 2: 118-14+ Low Nov 18
*SUP 3: 118-03 Low Nov 13
*SUP 4: 117-292 Low Nov 7 and bear trigger
5yr futures sold off yesterday but have found support so far today. The outlook
remains positive following this week's break of channel resistance drawn off the
Oct 4 high. The channel break highlights an important short-term 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 where a break is required to threaten
the current bullish theme.

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