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(U0) Looking For A Break Higher

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 and the bull trigger
  • PRICE: 181-06 @ 11:37 BST, Jul 29
  • 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 remains bullish. The contract traded higher Jul 24, breaching
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 push
higher also signals a broader range breakout and opens 189-24 further
out, Mar 9 high. The initial key support is at 177-06, Jul 6 low.

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