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(U9) Faring better *RES 4:.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Faring better
*RES 4: 171-16 High Sep 7 2016
*RES 3: 169-31/03 Low Jul 22 2016/High Sep 28 2016
*RES 2: 167-23 76.4% Fib 177-11 - 136-16
*RES 1: 167-15 Cycle High
*PRICE: 167-05 @ 11:20 BST, Aug 28
*SUP 1: 162-15 Low Aug 14
*SUP 2: 159-23 Low Aug 8
*SUP 3: 157-02/30 Jul 5 high/ 50% retracement Oct 2018 low to July 2016 high
*SUP 4: 155-29 High Jul 31
Despite the rangebound trade in 5- and 10-yr futures, 30yr is faring better,
with bulls edging closer toward the cycle high printed up at 167-15. This week's
high was the best level since 2016, and a crack above here opens 167-23, but a
sustained break higher remains unlikely for the time being. This pits 165-00 as
support, a break of which would open the August 14 low at 162-15.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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