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(Z9) Continues to Edge Lower...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Continues to Edge Lower
*RES 3: 166-25 Contract high Aug 28
*RES 2: 165-25 High Sep 5
*RES 1: 165-07 High Oct 7
*PRICE: 163-13 @ 10:33 GMT, Oct 9
*SUP 1: 163-07 Low Oct 3
*SUP 2: 162-04 Low Oct 2
*SUP 3: 160-19 Low Oct 1 and key near-term support
Familiar patterns resumed early Thursday, with 30yr futures edging lower from
the open and further damaging the bullish structure that had cemented last week.
There are few signs of a bearish breakout, but any fall through the 50-dma at
162-30 will go a long way to denting the outlook. A move above 165-07 would
confirm a resumption of the uptrend and open the contract high of 166-25 from
Aug 28. On the downside, the 50-dma is the initial target ahead of the early
October lows layered between 162-04 to 163-07.

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