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(U18) Bullish Breakout,........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U18) Bullish Breakout, Suggests Bottom
*RES 4: 145-00 Jul 12 low, now resistance
*RES 3: 144-23 Jul 16 low, now resistance
*RES 2: 144-12 Jul 19 low, Jul 23 high
*RES 1: 144-05 Intraday resistance
*PRICE: 144-000 @11:48 GMT
*SUP 1: 142-13 Jul 28 low
*SUP 2: 141-270 Aug 1 low
*SUP 3: 141-22 May 9 low
*SUP 2: 141-00 76.4% Fibo of 139-11/146-11
The 30-year bond has broken sharply higher through the upper end of the recent
range, turning the technical outlook bullish and suggesting that a significant
bottom is being developed. Further gains are now likely to target the 144-23
area and 145-00 ahead of the 146-11 July high. The 143-18 former range top is
now initial support.

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