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(Z9) Respects the range *RES....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Respects the range
*RES 4: 122-28+ High Jun 24 2016
*RES 3: 121-21+ High Nov 9 2016
*RES 2: 120-13 Sep 4 High
*RES 1: 120-007 1.0% 10-dma envelope
*PRICE: 118-292 10:16 GMT, Sep 27
*SUP 1: 118-03 Pullback Low
*SUP 2: 118-02 100-dma
*SUP 3: 117-317 76.4% 117-08-120-13
*SUP 4: 117-08 Low Jul 31
The mini-uptrend seen since mid-September stalled across Wednesday and Thursday,
returning the near-term outlook to neutral and returning focus to the 50-dma
support at 118-28. The previous recovery back above 119-07 had proved a bullish
trigger, and this remains the target for those wishing to keep the uptrend in
tact. Bears look for a break back below the 50-dma, which would open 118-03, the
pullback low.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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