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(Z0) Strong Intraday Gains

US 30YR FUTURE TECHS
  • RES 4: 177-00 High Oct 2
  • RES 3: 176-10 High Oct 15 and a key resistance
  • RES 2: 175-00 50-day EMA
  • RES 1: 174-28/29 Intraday high / High Oct 28
  • PRICE: 174-00 @ 11:45 GMT Nov 4
  • SUP 1: 172-18 50.0% retracement of today's rally
  • SUP 2: 170-07 Intraday low
  • SUP 3: 170-00 Round number support
  • SUP 4: 168-19 1.236 proj of Aug 6 - 28 sell-off from Sep 3 high

30yr futures have rallied sharply higher off today's earlier low of 170-07. Price has also probed trendline resistance at 174-15, drawn off the Aug 6 high. A clear break of the trendline though is still required to signal a reversal. Attention is on resistance at 174-29, Oct 28 high and the near-term bull trigger. A break would confirm a breach of the trendline and strengthen a bullish outlook. Key support has been defined at 170-07.

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