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(U0) Bulls In Charge

US 30YR FUTURE TECHS
  • RES 4: 185-07 1.382 proj of the Jun 5 - 11 rally from the Jun 16 low
  • RES 3: 184-04 1.236 proj of the Jun 5 - 11 rally from the Jun 16 low
  • RES 2: 183-02 High Apr 22 (cont) and a key resistance
  • RES 1: 182-26 Jul 31 High
  • PRICE: 182-00 @ 07:45 BST, Aug 3
  • SUP 1: 179-30 Low Jul 28 and key near-term support
  • SUP 2: 178.31 Low Jul 13
  • SUP 3: 177-06 Low Jul 6 and key near-term support
  • SUP 4: 176-13 Low Jun 24

30yr futures remain bullish and traded higher Friday, extending this week's move beyond 181-30, Jul 24 high. The breach of this resistance confirms a resumption of the underlying uptrend paving the way for a climb towards 183-02, Apr 22 high (cont). MA and momentum studies are bullish, reinforcing current conditions. Further out, the upleg also opens 189-24, Mar 9 high. Key support lies at 179-30, Jul 28 low.

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