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(Z18) Topside Gains Limited....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z18) Topside Gains Limited
*RES 4: 142-29     Down trendline res off Dec 2017 highs/200-DMA
*RES 3: 142-13     Sep 7 - Sep 10 lows
*RES 2: 141-28     100-DMA
*RES 1: 141-06     50% 145-29-136-16
*PRICE: 138-12     @ 10:26 GMT, Nov 13
*SUP 1: 136-16/12+ Oct 2 low/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
30-year futures comfortably hold above 138-00, but the rally has so far failed
to gain traction, stalling around the 61.8% fibo of 139-28-136-24. Bears look
for a resumption of the longer-term downtrend with focus turning to the Oct 2
low & 61.8% retracement level at 136-16/12. Below here opens the Sep 19 2014 low
at 135-13, ahead of the 50% retracement at 133-06. Bulls initially need to
recover the 100-dma at 141-28, before targeting the 200-dma at 142-29.

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