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(H0) Bearish Theme *RES 4:.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Bearish Theme
*RES 4: 161-09 0.764 projection of Nov 7 - Dec 3 rally from Dec 6 low
*RES 3: 160-26 High Oct 31
*RES 2: 160-13 High Dec 3 and next bull trigger
*RES 1: 159-05 High Dec 5
*PRICE: 158-13 @ 11:36 GMT, Dec 10
*SUP 1: 157-05 Low Dec 6
*SUP 2: 157-02 Low Nov 18 and 61.8% of the Nov 7 to Dec 3 rally
*SUP 3: 156-14 Low Nov 14
*SUP 4: 156-09 76.4% retracement of the Nov 7 to Dec 3 rally
30yr futures are trading slightly higher. Despite this the outlook near-term is
bearish. Futures traded lower Friday to 157-05 and just below the Dec 2 low of
157-06. This leaves the near-term risk skewed to the downside and negates the
Dec 3 bullish signal. A break of Friday's low would open the 61.8% retracement
of the Nov 7 to Dec 3 rally at 157-02. A breach here would expose 156-09, the
76.4% retracement. Resistance is seen at 159-05, Dec 5 high.

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