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(Z9) Under Pressure *RES 4:.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Under Pressure
*RES 4: 120-026 High Oct 10
*RES 3: 119-116/112 High Oct 14 / 50-DMA
*RES 2: 119-046 High Oct 16
*RES 1: 118.31+ High Oct 25
*PRICE: 118-172 10:45 GMT, Oct 28
*SUP 1: 118-15 Low Sep 19
*SUP 2: 118-03 Low Sep 13 and key support
*SUP 3: 117-222 Low July 31
*SUP 4: 117-17+ 1.236 projection of Sep 4 - Sep 13 decline from Oct 4 high
5yr futures are under pressure following Friday's break lower. This resulted in
prices clearing the 100-dma at 118-256 and support at 118-232. With a clear
short-term downtrend in place at present, further weakness is seen likely with
attention on 118-03, Sep 13 low. The next intraday trigger is 118-15, Sep 19
low. Note, 118-03 marks the midpoint of what appears to be a broad double top
reversal. 118-31+ is resistance.

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