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PIPELINE

$2B Micron 3Pt Launched

US EURODLR FUTURES

BLOCK, Sep'22/Blue Dec'24 Spd

EURUSD TECHS

Remains Below The 20-Day EMA

EQUITIES

Mixed Monday, But Outlook Turning More Positive

US TSY FUTURES

BLOCK, 5Y Sale

US EURODLR OPTIONS

Chunky Midday Put Volume

(Z0) Bear Channel Parameters Intact

US 30YR FUTURE TECHS
  • RES 4: 177-17 50-day EMA
  • RES 3: 177-14 High Aug 27
  • RES 2: 176-19 Bear channel top drawn off the Aug 6 high
  • RES 1: 176-15 High Sep 1
  • PRICE: 175-29 @ 11:39 BST, Sep 2
  • SUP 1: 173-16 Low Aug 28
  • SUP 2: 172-24 1.000 proj of Aug 6 - 13 sell-off from Aug 24 high
  • SUP 3: 172-07 Bear channel base drawn off the Aug 16 high
  • SUP 4: 171-13 1.236 proj of Aug 6 - 13 sell-off from Aug 24 high

30yr futures maintain a bearish theme despite the recent climb. The contract stalled at 178-13 on Aug 24. Last week's sell-off resulted in a breach of 175-28, Aug 13 low confirming a bear trend and a bearish price sequence of lower lows and lower highs. A resumption of weakness would open 172-07, the bear channel base drawn off the Aug 6 high and just below a Fibonacci projection. Channel resistance is at 176-19.