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(U0) Bulls Prompt Bounce

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: 182-04 @ 11:14 BST, Aug 4
  • 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. This eased somewhat during the Monday session, but momentum remains in bulls' favour. The breach of resistance last week 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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