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(U9) From strength to..........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) From strength to strength:
*RES 3: 167-23 76.4% Fib 177-11 - 136-16
*RES 2: 167-00 Psychological level
*RES 1: 166-08 Intraday high
*PRICE: 166-00 @ 10:38 BST, Aug 14
*SUP 1: 159-23 Aug 8 low
*SUP 2: 157-02 Jul 5 high
*SUP 3: 156-05/10 38.2% of Mar-Aug rally/50-dma
Despite printing a Doji star candle pattern earlier in the week, 30-yr futures
have gone from strength to strength Thursday, topping out at new cycle highs at
166-08. This bumps upside targets higher to psychological resistance and a Fib
retracement at 167-00 and 167-23 respectively. Despite the rally, bears take
comfort from the shooting star candle on the weekly charts, returning downside
focus to the Aug 6 low, ahead of the 38.2% retracement of the Mar-Aug rally at
156-05.

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