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(Z0) Holding Above 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: 176-23 @ 11:40 BST, Sep 18
  • SUP 1: 175-00 Low Sep 10
  • SUP 2: 174-21 Low Sep 1
  • SUP 3: 173-16 Low Aug 28 and a key support
  • SUP 4: 172-16 2% 10-dma envelope

30yr futures appear to have found support for now with price action holding above Wednesday's low of 175-28. Futures have recently attempted a recovery following the Sep 4 sell-off. For bulls, price needs to hold above 175-00, Sep 10 low. A resumption of gains would open 178-17, Sep 3 high and the key bull trigger. A break would reinstate a bullish focus and open 179-20, a retracement level. Sub 175-00 levels would instead expose 173-16.

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