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(Z18) Testing 100-DMA..........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z18) Testing 100-DMA Resistance
*RES 4: 146-11 Jul 6 high
*RES 3: 145-29 Top of triangle beginning May; 200-DMA
*RES 2: 144-09 50-DMA
*RES 1: 143-24 100-DMA
*PRICE: 143-15 @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 Dec18 contract has found support at the bottom of the triangle it has been
trading in since May. Upside the last couple of days has been capped by the
100-DMA, which comes in at 143-24, with the 50-DMA just above that at 144-09.
Further up, the 200-DMA coincides with the top of the triangle range at 145-30
and is thus crucial resistance. On any downside move, a break through trendline
support at 142-22 would set up a further down move to the Aug 1 low at 141-27.

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