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(U9) Eyes on the prize *RES....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Eyes on the prize
*RES 3: 157-02 Jul 5 high
*RES 2: 156-30 50% Jul 2016 high-Oct 2018 low
*RES 1: 155-22 Jul 8 high
*PRICE: 154-26 @ 11:15 BST, Jul 30
*SUP 1: 154-03 50-dma
*SUP 2: 152-27 Jun 11 low, key support
*SUP 3: 151-28 38.2% of Mar-Jul rally
Ahead of the Wednesday decision, the 50-dma continues to prove itself as a very
decent support line for 30yr futures, which may come into play should the Fed
fail to follow through. Range play is expected today, and a rally back above
155-00 is needed to negate the series of lower lows and lower highs printed
since the beginning of last week. Technical indicators continue to generate
bullish signals and returns the focus to key resistance at 156-30/157-02 from
the 50% retracement level & Jul 5 ytd high.

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