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(U9) May consolidate further...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) May consolidate further pre-FOMC
*RES 4: 158-09 Sep 8 2017 high
*RES 3: 157-02 Jul 5 high
*RES 2: 156-30 50% Jul 2016 high-Oct 2018 low
*RES 1: 155-22 Jul 8 high
*PRICE: 154-19 @ 11:07 BST, Jul 24
*SUP 1: 153-22 50-dma
*SUP 2: 152-27 Jun 11 low, key support
*SUP 3: 151-28 38.2% of Mar-Jul rally
*SUP 4: 150-16 100-dma
Lower lows and lower highs printed since the beginning of the week suggest 30-Yr
futures may consolidate further ahead of the FOMC rate decision next week. This
puts pressure on the 50-dma as first support at 153-22 and the Jun11 low at
152-27. Technical indicators do, however, continue to generate bullish signals.
A protracted move higher would re-focus markets on key resistance at
156-30/157-02 from the 50% retracement level & Jul 5 ytd high.

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