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(U0) Lower End of Recent Range

US 30YR FUTURE TECHS
  • RES 4: 185-07 1.382 proj of the Jun 5 - 11 rally from the Jun 16 low
  • RES 3: 184-07 High Mar 12 (continuation)
  • RES 2: 184-04 1.236 proj of the Jun 5 - 11 rally from the Jun 16 low
  • RES 1: 183-06 Aug 4 High
  • PRICE: 181-23 @ 11:13 BST, Aug 10
  • 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 hit a new two-week low early Monday at 181-03 but the rebound has been contained so far. Multi-month highs were posted last week at 183-06. This keeps momentum in bulls' favour for now, with technical indicators yet to flash overbought. 184-04 marks the next key resistance after the Apr 22 high (cont) gave way this week. Further out, the upleg also opens 191-22 (cont), Mar 9 high. Key support lies at 179-30, Jul 28 low.

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