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(Z0) Attention Turns To Support

US 30YR FUTURE TECHS
  • RES 4: 179-20 76.4% retracement of the Aug 6 - 28 downleg
  • RES 3: 179-18 High Aug 11
  • RES 2: 178-17 High Sep 3 and the bull trigger
  • RES 1: 177-14 High Sep 17
  • PRICE: 175-24 @ 11:48 BST, Oct 1
  • SUP 1: 175-14 Low Sep 30
  • SUP 2: 175-00 Low Sep 10 and key near-term support
  • SUP 3: 174-21 Low Sep 1
  • SUP 4: 173-16 Low Aug 28 and a key support

30yr futures reversed course yesterday and remain under pressure. Futures have traded through initial support at 175-28, Sep 16 low. This has exposed the next key handle at 175-00, Sep 10 low where a break if seen would strengthen any bearish argument and expose 173-16, Aug 28 low. Key near-term resistance is 177-14, Sep 17 high. A break of this level is required to reinstate bullish pressure.

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