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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: 176-22 @ 11:51 BST, Sep 28
  • SUP 1: 175-28 Low Sep 16
  • 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 are lower today but continue to trade above initial support at 175-28, Sep 16 low. A bullish outlook remains in place. Futures have recently attempted a recovery following the Sep 4 sell-off. For bulls, the ability to hold above 175-00, Sep 10 low is encouraging. A climb 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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