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(Z0) Key Support Exposed

US 30YR FUTURE TECHS
  • RES 4: 177-14 High Sep 17
  • RES 3: 177-00 High Oct 2
  • RES 2: 175-25 20-day EMA
  • RES 1: 175-03 High Oct 6
  • PRICE: 174-07 @ 11:42 BST Oct 9
  • SUP 1: 173-10 Low Oct 7
  • SUP 2: 172-13 Low Oct 6 and the bear trigger
  • SUP 3: 172-00 Round number support
  • SUP 4: 170-16 1.00 projection of Aug 6 - 28 decline from Sep 3 high

30yr futures remain bearish. Price has traded sharply lower this week clearing a key support at 175-00, Sep 10 low. This week has also resulted in price probing major support at 173-16, Aug 28 low and the bear trigger. A clear break would confirm a resumption of the downleg that started on Aug 6 and open 172-13, a Fibonacci retracement. 175-03 is initial resistance with 177-00, Oct 2 high also providing a hurdle for bulls.

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