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(H0) Bearish Outlook Intact....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Bearish Outlook Intact
*RES 4: 159-05 High Dec 5
*RES 3: 159-02 High Dec 11 and near-term bull trigger
*RES 2: 158-11 High Dec 13
*RES 1: 157-09 High Dec 18
*PRICE: 156-09 @ 11:22 GMT, Dec 23
*SUP 1: 155-14 Low Dec 19
*SUP 2: 155-00 Low Nov 7 and key support
*SUP 3: 154-20 1.382 projection of Dec 3 to Dec 6 decline from Dec 11 high
*SUP 4: 154-08 1.50 projection of Dec 3 to Dec 6 decline from Dec 11 high
30yr futures are consolidating. The outlook remains bearish following last weeks
move lower that resulted in a break of key support at 155-23, Dec 13 low. This
confirms a resumption of the current bearish phase that began off the 160-13
high of Dec 3 with the focus now on 155.00, Nov 7 low and the next key support.
A break would open 154-20, a Fibonacci projection. Initial resistance is at
157-09.

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