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(H0) Downside Risk Remains.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Downside Risk Remains
*RES 4: 160-13 High Dec 3 and bull trigger
*RES 3: 159-05 High Dec 5
*RES 2: 159-02 High Dec 11
*RES 1: 157-05 Low Dec 6
*PRICE: 156-22 @ 11:45 GMT, Dec 13
*SUP 1: 155-23 Intraday low
*SUP 2: 155-08 Low Nov 12
*SUP 3: 155-00 Low Nov 7 and key support
*SUP 4: 154-20 1.382 projection of Dec 3 to Dec 6 decline from Dec 11 high
30yr futures sold off sharply yesterday reinforcing the current bearish theme.
Futures have traded below 156-09, 76.4% of the rally between Nov 7 and Dec 3.
Despite attempting a recovery off today's low, the outlook remains bearish and
the focus is on a move towards the key support at 155-00, Nov 7 low. A break of
this level would confirm a resumption of the downtrend. Initial resistance is at
157-05, Dec 6 high.

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