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(U9) Holds close to cycle......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Holds close to 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: 156-03 2% Upper Bollinger Band
*PRICE: 154-20 @ 11:21 BST, Jun 19
*SUP 1: 154-00 Jun17 low
*SUP 2: 153-27 61.8% 152-27 - 155-15
*SUP 3: 149-31/09 50-dma/50% fibo Apr-May rally
*SUP 4: 148-21/08 T-line support off Mar lows/100-dma
A global bond rally Tuesday sent 30-yr futures to cycle highs up at 155-30
Tuesday, and momentum is still leaning in favour of further highs, with the Fed
decision the next hurdle. A crack through the 2.0% Upper Bollinger Band at
156-03 will raise the risk of the contract becoming overstretched, but macro
trumps technicals at present. Bears need a break back under the Jun 17 low and
Fib support at 153-27 to change the short-term 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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