(H19) Downtrend Continues To...>

US 30YR FUTURE TECHS: (H19) Downtrend Continues To Form

*RES 4: 151-06 Jan 17 high

*RES 3: 149-31 61.8% 158-09-136-16

*RES 2: 148-27 Jan 4 high

*RES 1: 146-11 Jan 14 high

*PRICE: 145-16 @ 11:23 GMT, Jan 30

*SUP 1: 142-22/20 50% 136-16 to 148-27/200-dma

*SUP 2: 141-16 100-dma

*SUP 3: 139-14/13 Dec 3 low/76.4% 136-16-148-27

*SUP 4: 136-16/12+ Oct 2 low/61.8% 111-22-177-11

A downtrend continues to form, with the immediate downside target at 144-28 (Jan

28 low) and then 144-09 (Jan 18 low). This is consistent with a final move lower

to complete the corrective pattern developed from the 148-27 early Jan peak.

Below 144-09 the 143-16 50-dma comes into focus ahead of the 50% retracement

level of the Nov/Dec rally at 142-20. The 146-11 level now forms key resistance,

with a break opening the 61.8% retracement level & Jan 9 high at 147-16/17.