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(U0) Bullish Focus

US 30YR FUTURE TECHS
  • RES 4: 183-02 High Apr 22 (cont)
  • RES 3: 182-15 High May 15 (cont)
  • RES 2: 182-12 1.000 proj of the Jun 5 - 11 rally from the Jun 16 low
  • RES 1: 181.30 High Jul 24
  • PRICE: 181-18 @ 11:39 BST, Jul 27
  • SUP 1: 178.31 Low Jul 13
  • SUP 2: 177-06 Low Jul 6 and key near-term support
  • SUP 3: 176-13 Low Jun 24
  • SUP 4: 174-29 Low Jun 16 and the reversal trigger

30yr futures maintain a firmer tone. The contract traded higher Friday and
clearing resistance at 181-14/15, high Jul 10 and Apr 21 respectively to
register a high print of 181-30. These gains reinforce the underlying
bullish theme with further appreciation likely near-term. Furthermore,
Friday's gains also signal a broader range breakout and open 189-24
further out, Mar 9 high. The initial key support is at 177-06, Jul 6 low.

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