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(H0) Resistance Looks Strong...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Resistance Looks Strong From Here
*RES 4: 164-25 2.00 projection of Jan 2 - Jan 8 rally from Jan 9 low
*RES 3: 164-09 High Oct 4
*RES 2: 164-05 High Feb 3 and key resistance
*RES 1: 163-16 High Feb 18 / 76.4% of the Feb 3 - Feb 6 decline
*PRICE: 163-15 @ 11:28 GMT, Feb 20
*SUP 1: 161-15 Low Feb 12
*SUP 2: 160-15 Low Feb 6
*SUP 3: 159-27 50-day EMA
*SUP 4: 159-01 Low Jan 24
30-yr futures continue to hold firm, but resistance at 163-16 looks strong.
While 5- and 10- futures have had a sanguine start, 30yr futures are
outperforming, countering the bearish pressure seen at the beginning of last
week. This keeps focus on key resistance at 164-05 and 164-20 as the next
targets. For bears to recapture momentum here, focus is on the potential for a
move towards 159-27, an area of support highlighted by the 50-day EMA.

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