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(Z9) Edges Higher *RES 4:......>

US 30YR FUTURE TECHS: (Z9) Edges Higher
*RES 4: 163-08 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
*PRICE: 160-14 @ 11:47 GMT, Nov 26
*SUP 1: 159-12 Low Nov 20 and 21
*SUP 2: 158-11 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 continue to retrace the sell-off on Nov 21. The near-term outlook
remains bullish and this weeks gains are encouraging. The bullish theme follows
the recent breach of bear channel resistance drawn off the Oct 8 high. This
confirmed an important S/T bullish technical development 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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