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(U9) Shooting star: *RES 4:....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Shooting star:
*RES 4: 170-03 Sep 28 2016 high
*RES 3: 164-31 Nov 9 2016 high
*RES 2: 164-00 Psychological level
*RES 1: 163-31 Aug 7 high
*PRICE: 161-29 @ 10:52 BST, Aug 9
*SUP 1: 159-23 Aug 8 low
*SUP 2: 157-02 Jul 5 high
*SUP 3: 156-05 38.2% of Mar-Aug rally
The 30-Yr charted a shooting star candlestick pattern on Wednesday with the
reversal briefly dipping back under the 160-00 level. Bulls need a weekly close
above here to maintain the outright bullish trend and return the focus to 163-31
and the multi-year high at 164-31. Technical indicators remain heavily
overbought with an RSI reading of 76, suggesting the potential of a deeper
correction. Bears need to clear the Aug 6 low, before returning the focus to the
38.2% retracement of the Mar-Aug rally.

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