(U18) Bears Need Close Below...>

US 30YR FUTURE TECHS: (U18) Bears Need Close Below 144-16

*RES 4: 145-28 High July 9

*RES 3: 145-12 High July 17

*RES 2: 145-00 21-DMA

*RES 1: 144-20 Hourly resistance July 19

*PRICE: 144-17 @ 0930GMT

*SUP 1: 143-30 Low June 2

*SUP 2: 143-15 55-DMA, 100-DMA

*SUP 3: 143-01 Low June 21

*SUP 4: 142-01 Monthly low June 7

*COMMENTARY: Hesitation ahead of the 145-28/147-03 resistance region is less

than ideal for bulls and sees U18 flirting with the 144-16 support. Bears need a

close below this level to confirm traction below the 21-DMA and below 143-30 to

pressure 143-01/15 where 55 & 100-DMAs are noted. Bulls now look for a close

above 145-12 to gain breathing room and above 147-03 to confirm a break of the

bear channel top and initially target the 149-22/00 region.