(Z17) Decline Held Above.......>

US 30YR FUTURE TECHS: (Z17) Decline Held Above 2017 Bull Channel Base Projection

*RES 4: 153-10 Oct 17 low, now resistance

*RES 3: 152-20/25 Oct 23 high, Oct 18 low

*RES 2: 152-07/10 Congestion area Oct 20-24

*RES 1: 151-25 Oct 20 low, now resistance

*PRICE: 150-27 @1730GMT

*SUP 1: 150-13/14 2017 bull channel base proj'n, Oct 25 low

*SUP 2: 149-20 2% volatility band

*SUP 3: 148-24 76.4% Fibo of 145-26/158-09

*SUP 4: 147-14/15 Mar 16-17 lows

*COMMENTARY* The downside push continued Wednesday, the loss of the 61.8% Fibo

retrace level at 150-18, resulting in a test to just above the next downside

targets, the 2017 bull channel base projection at 150-13 and the May 11 low at

150-07. As a result, became oversold near term but a move back above the Oct 20

low at 151-25 and then the 152-07/152-10 congestion area is needed, before the

immediate downside bias is reduced.