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(U18) 144-23/144-27 Bars The...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U18) 144-23/144-27 Bars The Way To Any Near Term Recovery
*RES 4: 145-28 May 29 high
*RES 3: 145-12 May 30 recovery high
*RES 2: 144-27 Hourly recovery high May 30
*RES 1: 144-23 Hourly resistance
*PRICE: 144-07 @1040GMT
*SUP 1: 143-22/30 Hourly support
*SUP 2: 143-09/11 May 29 low, May 4 high
*SUP 3: 142-11/14 May 24 high, May 28 low
*SUP 4: 141-24/27 May 25 low, 61.8% of 139-11/145-28
*COMMENTARY* Had continued to rally since seeing the 139-11 low on May 18.
Tuesday's rise saw a spike to 145-28, just shy of the Apr 17 high at 146-02. The
subsequent fall is on the back of an accumulation of overbought conditions with
143-30/143-22 offering initial support against a return to Tuesday's 143-09 low.
Any lower will caution and suggest a deeper correction of those gains from
139-11 is underway. Meanwhile, 144-23/144-27 becomes resistance.

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