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(Z9) Eroding Lower *RES 4:.....>

US 30YR FUTURE TECHS: (Z9) Eroding Lower
*RES 4: 166-25 Contract high Aug 28
*RES 3: 165-25 High Sep 5
*RES 2: 162-06/22 21 & 50-DMA
*RES 1: 160-26 High Oct 16
*PRICE: 159-23 @ 11:01 GMT, Oct 17
*SUP 1: 159-10/11 76.4% of 157-17 to 165-07
*SUP 2: 158-16 100-DMA
*SUP 3: 157-17 Low Sep 13
*SUP 4: 156-19 Low Aug 2
30yr futures eroding lower with minor test of Fibonacci level at 159-11 - 76.4%
of 157-17 to 165-07 move. Below here, focus turns to the 100-dma at 158-16 and
break seen extending downside to 157-17 - the September low. The daily studies
are confirming the bearish bias and 10-day momentum study still above previous
extreme oversold levels.

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