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(Z0) Enters An EMA Resistance Zone

US 30YR FUTURE TECHS
  • RES 4: 177-14 High Sep 17
  • RES 3: 177-00 High Oct 2
  • RES 2: 176-10 50-day EMA
  • RES 1: 175-25 High Oct 5
  • PRICE: 175-18 @ 11:41 BST Oct 14
  • SUP 1: 174.08 Low Oct 13
  • SUP 2: 173-10 Low Oct 7 and the bear trigger
  • SUP 3: 172-13 0.764 projection of Aug 6 - 28 decline from Sep 3 high
  • SUP 4: 170-16 1.00 projection of Aug 6 - 28 decline from Sep 3 high

30yr futures rallied yesterday signalling a potential reversal of the recent decline between Sep 29 and Oct 7. Futures are holding onto gains and have pushed higher today. Futures have entered a band of resistance between 175-15 and 176-10, the 20- and 50-day EMAs. Clearance of this zone would strengthen the short-term bullish picture and open 177-00, Oct 2 high. Initial support is at 175-08, yesterday's low. The reversal trigger is at 173-10.

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