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(H0) Remains Vulnerable *RES...>

US 30YR FUTURE TECHS: (H0) Remains Vulnerable
*RES 4: 160-13 High Dec 3 and key resistance
*RES 3: 159-05 High Dec 5
*RES 2: 159-02 High Dec 11 and near-term bull trigger
*RES 1: 158-11 High Dec 13
*PRICE: 157-05 @ 11:28 GMT, Dec 18
*SUP 1: 155-23 Low Dec 13
*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 are quiet having rallied Friday off the low and faced some
retracement this week. The recent move higher is viewed as a correction with a
bearish theme intact. Futures last week traded below 156-09, 76.4% of the rally
between Nov 7 and Dec 3. This signals scope for a move towards key support at
155-00, Nov 7 low. A break here would confirm a resumption of the downtrend.
Clearance of 159-02, Dec 11 high is needed to alter the picture.

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