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(U9) Shooting star: *RES 3:....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Shooting star:
*RES 3: 164-31    Nov 9 2016 high
*RES 2: 164-00    Psychological level
*RES 1: 163-31    Aug 7 high
*PRICE: 162-03    @ 10:49 BST, Aug 12
*SUP 1: 159-23    Aug 8 low
*SUP 2: 157-02    Jul 5 high
*SUP 3: 156-05    38.2% of Mar-Aug rally
*SUP 4: 152-27/05 Jun 11 low, key support/100-dma
The 30-Yr posted a shooting star candlestick on the weekly charts, which is a
bearish reversal pattern. Technical indicators remain heavily overbought with an
RSI reading of 75.35, suggesting the potential of a reversal. Despite this,
consolidation remains the theme holding either side of the 162-00 level. Bears
look to clear the Aug 6 low, before returning the focus to the 38.2% retracement
of the Mar-Aug rally. Bulls need to break 163-31 and the psychological 164-00
level, before challenging the multi-year high at 164-31.

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