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(U18) Developing Bearish.......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U18) Developing Bearish Trend
*RES 4: 146-15 Top of 6-month trend channel
*RES 3: 146-12 200-dma (Generic)
*RES 2: 146-11 Jul 6 5-Month High
*RES 1: 145-24 Aug 22 high
*PRICE: 144-19 @09:40 GMT
*SUP 1: 144-10 Aug 28 low
*SUP 2: 143-22 Trendline resistance-turned-support
*SUP 3: 143-19 Top end of Jul 24-Aug 9 range
*SUP 4 141-27 Aug 1 low
Having dipped under 145-00 yesterday, the 30-year tracked the sharp sell-off
seen in 10- and 5-year futures to 144-10. Failure to gain traction has turned
the short-term outlook neutral, a break of trendline resistance turned support
at 143.22 would give bears the upper hand, targeting the Aug lows at 141.27.
Bulls need to reclaim 145-24 to stabilise the p longer-term picture and
challenge the 200-dma at 146-12.

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