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(Z18) Focus on multi-year......>

US 30YR FUTURE TECHS: (Z18) Focus on multi-year Lows
*RES 4: 144-17/21 Down trendline res off Dec 2017 highs/200-DMA
*RES 3: 143-07 100-DMA
*RES 2: 142-13 Sep 7 - Sep 10 lows
*RES 1: 141-19/27 50% 145-29-137-08/Aug 1 low
*PRICE: 137-07 @ 10:29 GMT, Oct 8
*SUP 1: 136-12+ 61.8% 111-22-177-11
*SUP 2: 135-13 Sep 19 2014 low
*SUP 3: 133-06 50% 89-00-177-11
*SUP 4: 131-21 Apr 4 2014 low
US 30-Yr momentum continues to point lower, failing to show any signs of a
recovery. Daily momentum indicators continue to generate outright bearish
signals with downside focus strengthening after the drop through 137-08. Below
here opens the 61.8% retracement level at 136-12+, ahead of the Apr 4 2014 low
at 131-21. Bulls initially need to clear the double-top resistance area at
141-00-05, before challenging the Sep 7-10 lows at 142-13.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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