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(U9) Waiting game *RES 3:......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Waiting game
*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: 154-29 @ 11:15 BST, Jul 31
*SUP 1: 154-06 50-dma
*SUP 2: 152-27 Jun 11 low, key support
*SUP 3: 151-28 38.2% of Mar-Jul rally
Today's decision will be undoubtedly pivotal for 30-yr futures, which still sit
on tried-and-tested support at the 50-dma. This could easily come into play
Wednesday should the Fed fail to deliver, but range play is expected up until
then. A rally back above 155-00 is needed to negate the series of lower lows and
lower highs printed since the beginning of last week. Technical indicators
continue to generate bullish signals and returns the focus to key resistance at
156-30/157-02 from the 50% retracement level & Jul 5 ytd high.

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