(U18) Rally Still Shy Of A.....>

US 30YR FUTURE TECHS: (U18) Rally Still Shy Of A 145-25/145-28 Challenge 

*RES 4: 146-03/05 Apr 2 high, 1% volatility band

*RES 3: 145-28 May 30 high

*RES 2: 145-25 Equality rise from 143-01 to 142-01/144-25

*RES 1: 145-15/16 Jul 3, Jun 29 highs

*PRICE: 145-00 @1029GMT

*SUP 1: 144-14/16 Hourly support, Jul 3 low

*SUP 2: 144-04/05 Jun 21 high, Jun 27 low

*SUP 3: 143-30 Jun 26 low

*SUP 4: 143-13 Jun 22 low

*COMMENTARY* The 145-16 area has so far continued to cap, shy of a test to the

equality rise target at 145-25 and the May 30 high at 145-28. Meanwhile support

from 144-25 has subsequently given way, with compressed levels between

144-16/143-30 waiting below. Only a loss of the latter would suggest extra scope

to see a 143-13/143-01 fall. In the interim, the move back above 144-29, would

help towards another 145-16 challenge.