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(Z9) Heading South *RES 4:.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Heading South
*RES 4: 162-19 High Oct 11
*RES 3: 161-22 High Nov 1 and key resistance
*RES 2: 160-26 High Nov 4
*RES 1: 159-20 High Nov 5
*PRICE: 158-08 @ 11:39 GMT, Nov 6
*SUP 1: 157-25 Low Nov 5
*SUP 2: 157-17 Low Sep 13 and primary support
*SUP 3: 156-19 Low Aug 2
*SUP 4: 155-08 Bear channel base drawn off Sep 3 high
30yr futures remained under pressure again yesterday, as prices pullback from
last weeks high of 161-22. The result of yesterday's activity has been a breach
of the former 158-05 support, Oct 28 low. This signals scope for a deeper
pullback towards 157-17, Sep 13 low and the primary support. Clearance of this
latter support would open 155-08, the base of a bear channel drawn off Sep 3
high. Initial resistance is at 159-20, yesterday's high.

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