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(Z18) Major Support Coming.....>

US 30YR FUTURE TECHS: (Z18) Major Support Coming Up
*RES 4: 145-16 Jul 6 high (contract high)
*RES 3: 145-06 Aug 27 high
*RES 2: 145-05 Top of 2-month trend channel
*RES 1: 143-19 50-DMA
*PRICE: 143-07 @10:51 GMT
*SUP 1: 142-26 Top of late Jul/early Aug range
*SUP 2: 142-25 100-DMA
*SUP 3: 142-04 3-month trendline support
*SUP 4: 141-05 Aug 1 low
Short-term momentum for the Dec18 contract continues to point lower, with bulls
eyeing support in the 142-25/142-26 area, at both the 100-DMA and the top of the
late July/early August range, to staunch the bleeding. Bears need a break
through that area to set up a test of the 3-mth uptrend at 142-04. If it can
hold though, 50-DMA serves as key resistance, currently coming in at 143-19,
with little resistance above that until the 2-mth downward trendline at 145-05.

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