(Z9) Likely To Extend The......>

US 30YR FUTURE TECHS: (Z9) Likely To Extend The Downside

*RES 4: 165-07 High Oct 7/8

*RES 3: 162-12/19 50-DMA / High Oct 11

*RES 2: 161-24 High Oct 14

*RES 1: 160-23 High Oct 17 and key near-term resistance

*PRICE: 158-24 @ 10:53 GMT, Oct 29

*SUP 1: 158-05 Low Oct 28

*SUP 2: 157-17 Low Sep 13 and key support

*SUP 3: 156-19 Low Aug 2

*SUP 4: 155-31 1.00 projection of Aug 28 - Sep 13 decline Sep 7 high

The recent move lower in 30yr futures is expected to weigh on the contract.

Prices have traded through the 100-DMA confirming a resumption of the downtrend

and paving the way for a move towards the key support at 157-17, Sep 13 low. A

break of this level would open 155-31, a Fibonacci projection level. On the

upside, resistance has been defined at 160-23, Oct 17 high where a breach is

required to relieve the current bearish pressure. Likely to remain heavy.