(U9) Fresh signals needed......>

US 30YR FUTURE TECHS: (U9) Fresh signals needed

*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: 166-00 @ 11:18 BST, Aug 27

*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

After the resolutely strong start to the week, 30yr futures have consolidated

for a second session, with momentum needed to pick up in either direction to

generate fresh technical signals. This week's 167-15 print was the highest level

since 2016, adding to the upside argument. Intraday price action, however,

showed the rally being sold from the off, with bulls unable to sustain. So,

while the medium-term trend still points toward Fib resistance at 167-23, 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.