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(Z17) Recovering After Test....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z17) Recovering After Test To 7 Week Channel Base
*RES 4: 159-26 2% volatility band
*RES 3: 158-19/23 7 week bull channel top, 8 mth res line
*RES 2: 158-04 Aug 29 high
*RES 1: 157-11/12 1% volatility band, intraday high
*PRICE: 157-01 @1035GMT
*SUP 1: 156-12/17 Hourly support
*SUP 2: 155-21/23 initial rally high Sep 5, Sep 3 high
*SUP 3: 155-05 Sep 5 low, 7 week bull channel base
*SUP 4: 154-30 Sep 1 low
*COMMENTARY* Recovering well after last Friday's drop to the base of the 7 week
bull channel. A high of 157-12 so far, in line with a test of the upper 1%
volatility band. Will need to eclipse the Aug 29 high at 158-04 however, to
remove the threat of the 'Doji' candle close on that day. Support now from
156-17/156-12 with 155-23/155-21 backing it up below. The channel base has
however moved to join the Sep 5 low at 155-05. 

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