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(U18) Eyeing Summer Highs......>

US 30YR FUTURE TECHS: (U18) Eyeing Summer Highs
*RES 4: 146-15 Top of 6-month trend channel
*RES 3: 146-11 Jul 6 5-Month High
*RES 2: 145-09 76.4% retracement from 141-28/146-11
*RES 1: 145-03 Aug 17 high
*PRICE: 144-27 @09:42 GMT
*SUP 1: 144-04 50 dma
*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
After consolidating gains Friday, the Long Bond future hit a three-and-a-half
week high of 145-03 which now represents next resistance. With the uptrend
remaining intact and momentum indicators not yet in overbought territory, a move
through there would set up a further move to Jul 6's 5-month high at 146-11.
Bears need to break trendline resistance-turned support at 143.22 to shift the
near-term focus.

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