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(Z9) Positive Above Former......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Positive 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 4
*PRICE: 118-25 11:31GMT, Nov 21
*SUP 1: 118-182 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 have extended the recent recovery following this week's break of
channel resistance drawn off the Oct 4 high. Some bearish pressure though has
developed today forcing futures off earlier highs. Despite this, 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+. S/T 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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