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(U18) Neutral For Now *RES.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U18) Neutral For Now
*RES 4: 146-15 Top of 6-month trend channel
*RES 3: 146-11 Jul 6 5-month high
*RES 2: 146-10 200-dma (Generic)
*RES 1: 145-24 Aug 22 high
*PRICE: 144-24 @11:00 GMT
*SUP 1: 144-12 Uptrend beginning Aug 15 and 50-DMA
*SUP 2: 144-08 Aug 29 low
*SUP 3: 143-22 Trendline resistance-turned-support
*SUP 4: 143-19 Top end of Jul 24-Aug 9 range
Momentum for the 30-Yr contract has faded a bit, with a sharp reversal from an
intraday high of 145-16 on Friday to a close of 144-26 going into the long US
weekend. This keeps the short-term outlook largely neutral, but the two-week
uptrend / 50-DMA at 144-12 bears watching on the downside. Bulls need to reclaim
145-24 to stabilise the longer-term picture and challenge the 200-dma (Generic)
at 146-08.

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