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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: 144-23 @09:25 GMT
*SUP 1: 144-08 Aug 29 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
The 30-year tracked Wednesday's sell-off in 10-/5-year futures, resuming the
downtrend to 144-08. Despite a minor recovery ahead of the close, bearish
signals continue to generate on the intraday charts with the medium-term outlook
neutral. A break of trendline resistance turned support at 143.22 would give
bears renewed confidence, targeting Aug lows at 141.27. Bulls need to reclaim
145-24 to stabilise the longer-term picture and challenge 200-dma at 146-12.

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