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(U9) Fed Outlook Critical......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Fed Outlook Critical for Cycle Highs
*RES 4: 161-24 61.8% Jul 2016 high-Oct 2018 low
*RES 3: 158-09 Sep 8 2017 high
*RES 2: 156-30 50% Jul 2016 high-Oct 2018 low
*RES 1: 155-01 Jun 3 high
*PRICE: 154-03 @ 11:06 BST, Jun 17
*SUP 1: 152-01 May30 low
*SUP 2: 151-00 May 28 low
*SUP 3: 149-26/09 50-dma/50% fibo Apr-May rally
*SUP 4: 148-21/04 T-line support off Mar lows/100-dma
30yr bulls face a tough task surmounting resistance ahead of the cycle highs
printed at 155-01, with the Fed outlook this week critical for upside momentum.
Bulls need to clear the double-top resistance area at 154-30, before challenging
these key levels. Consolidation above brings the 50% retracement level back into
view at 156-30. Bears need a break back under the Jun 11 low & pivotal support
at 152-27/11 to change the s/t outlook.
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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