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(U9) Breaks key 160-00.........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Breaks key 160-00 level:
*RES 4: 164-31    Nov 9 2016 high
*RES 3: 162-19    Oct 17 2016 low
*RES 2: 161-24    61.8% 177-11 - 136-16
*RES 1: 160-24    Intraday high
*PRICE: 160-09    @ 11:01 BST, Aug 5
*SUP 1: 157-02    Jul 5 high
*SUP 2: 154-23/05 50-dma/38.2% of Mar-Aug rally
*SUP 3: 152-27    Jun 11 low, key support
30yr futures breached the key 160-00 level and is set to register gains in six
of the last seven sessions. The underlying bullish trend remains intact with
upside focus on the 61.8% retracement level & Oct 17 2016 low. Technical
indicators such as RSI, MACD & the upper 2% Bollinger band remain heavily
overbought, suggesting a reversal could be imminent. Bears look to clear the Jul
5 high, before returning the focus to the 50-dma & 38.2% retracement of the
Mar-Aug rally.

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