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(U0) Probes Key Support

US 30YR FUTURE TECHS
  • RES 4: 181-10 High Aug 11
  • RES 3: 180-00 61.8% retracement of the Aug 6 - 13 move lower
  • RES 2: 180-11 50.0% retracement of the Aug 6 - 13 move lower
  • RES 1: 180-02 High AUg 24 and key resistance
  • PRICE: 178-07 @ 11:39 BST, Aug 27
  • SUP 1: 177-12 Low Aug 26
  • SUP 2: 177-06 Low Jul 6 and key near-term support
  • SUP 3: 177-02 50% retracement of the Jun - Aug rally
  • SUP 4: 174-29 Low Jun 16
30yr futures outlook remains bearish. The contract stalled Monday at 180-02. The subsequent sharp sell-off suggests the recovery and corrective bounce between Aug 13 - 24 has run its course. This was reinforced yesterday with a probe of support at 177-16, Aug 13 low. Continued bearish follow through and a clear breach of this support handle would open 177-06, Jul 6 low. Resistance is at 180-02, Aug 24 high.

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