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(Z18) Test Of Uptrend..........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z18) Test Of Uptrend Underway
*RES 4: 146-11 Jul 6 high
*RES 3: 145-30 Top of triangle beginning May; 200-DMA
*RES 2: 144-10 50-DMA
*RES 1: 143-25 100-DMA
*PRICE: 143-06 @10:45 GMT
*SUP 1: 142-22 Bottom of triangle beginning May
*SUP 2: 141-27 Aug 1 low
*SUP 3: 141-18 April low; Mid-May range high
*SUP 4: 140-05 May 18 low
The contract remains in an upward trend but faces an imminent test of support at
142-22, the bottom of the triangle it has been trading in since May. A break
lower would set up a further move to the Aug 1 low at 141-27. On the upside, it
is all about the moving averages as resistance: 50- and 100-DMAs come in just
above Wednesday's price action (see table above), while the 200-DMA coincides
with the top of the triangle range at 145-30 and is thus crucial resistance.

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