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(Z9) Looking For Gains *RES.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Looking For Gains
*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: 118-25+ 11:15 GMT, Nov 27
*SUP 1: 118-172 Low Nov 25
*SUP 2: 118-14+/11+ Low Nov 18 / Channel top drawn off the Oct 4 high
*SUP 3: 118-03 Low Nov 13
*SUP 4: 117-292 Low Nov 7 and bear trigger
5yr futures are firmer this week. The sell-off last week is still viewed as 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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