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(U0) Uptrend Extends

US 30YR FUTURE TECHS
  • RES 4: 183-02 High Apr 22 (cont) and a key resistance
  • 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: 182.02 Intraday high
  • PRICE: 182-00 @ 11:56 BST, Jul 30
  • 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 have today traded beyond resistance at 181-30, high Jul 24. This confirms a resumption of the underlying uptrend and paves the way for a climb towards 183-02, high Apr 22 (cont). MA and momentum studies are bullish, reinforcing current conditions. Further out, the upleg also suggests potential for a climb to 189-24, Mar 9 high. On the downside, key support lies at 179-30, Jul 28 low.

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