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​(Z0) All Eyes On Key Support

US 30YR FUTURE TECHS
  • RES 4: 178-17 High Sep 3 and the bull trigger
  • RES 3: 177-14 High Sep 17
  • RES 2: 177-00 High Oct 2
  • RES 1: 175-00 Low Sep 10 and a recent breakout level
  • PRICE: 173-31 @ 11:45 BST Oct 6
  • SUP 1: 173-22 Low Oct 5 and intraday low
  • SUP 2: 173-16 Low Aug 28 and a key support
  • SUP 3: 172-13 0.764 projection of Aug 6 - 28 decline from Sep 3 high
  • SUP 4: 172-00 Round number support

30yr futures traded sharply lower yesterday clearing a key support at 175-00, Sep 10 low. The break of this level strengthens a bearish argument and exposes 173-16, Aug 28 low. This latter level is a major support. A break would confirm a resumption of the downleg that started on Aug 6 and open 172-13, a Fibonacci retracement. 175-00 marks initial resistance with 177-00, Oct 2 high also providing a hurdle for bulls.

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