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(Z9) Bull Flag Formation.......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Bull Flag Formation
*RES 4: 162-27 Bear channel top drawn off the Sep 3 high
*RES 3: 162-19 High Oct 11
*RES 2: 161-22 High Nov 1 and key resistance
*RES 1: 160-29 High Nov 21 and bull trigger
*PRICE: 160-04 @ 11:30 GMT, Nov 29
*SUP 1: 159-12 Low Nov 20 and 21
*SUP 2: 157-31 Former channel top drawn off the Oct 8 high
*SUP 3: 157-28 Low Nov 18 and key near-term support
*SUP 4: 156-11 Low Nov 13
30yr futures are consolidating. The outlook is bullish and the recent sideways
activity appears to be taking on the shape of a bull flag formation. A positive
theme follows the recent breach of bear channel resistance drawn off the Oct 8
high. This confirmed an important technical beak with attention on 161-22, Nov 1
high. Support has been defined at 157-28, Nov 18 low where a break is required
to neutralise the current recovery and highlight a bearish threat.

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