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(U9) Yet to recover from ECB...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Yet to recover from ECB knock
*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: 154-15 @ 10:54 BST, Jul 25
*SUP 1: 153-28 50-dma
*SUP 2: 152-27 Jun 11 low, key support
*SUP 3: 151-28 38.2% of Mar-Jul rally
Following the somewhat anticlimactic ECB meeting, 30-Yr futures slipped below
the 154 handle and is yet to regain much poise ahead of the NY crossover. A
rally back above 155-00 is needed to negate the series of lower lows and lower
highs printed since the beginning of the 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. Near-term support
at 153-28 from the 50-dma, ahead of the Jun 11 low at 152-27.
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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