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(Z9) Likely To Trade Heavy.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Likely To Trade Heavy
*RES 4: 161-22 High Nov 1 and key resistance
*RES 3: 160-26 High Nov 4
*RES 2: 160-23 Trendline resistance drawn off Oct 8 high
*RES 1: 159-05 High Nov 6
*PRICE: 156-11 @ 11:35 GMT, Nov 12
*SUP 1: 155-26 Yesterday's low
*SUP 2: 155-00 Bear channel base drawn off Sep 3 high
*SUP 3: 153-25 1.236 projection of Aug 28 - Sep 13 decline from Oct 7 high
*SUP 4: 152-14 1.382 projection of Aug 28 - Sep 13 decline from Oct 7 high
30yr futures prices remain vulnerable following last weeks selling pressure.
Price action on Nov 7 was significant, the former key support at 157-17, Sep 13
low was cleared on this day. This confirms a resumption of the broader downtrend
that began on Aug 28. The move lower sets the scene for weakness towards 155-00,
the base of a broad bear channel drawn off Sep 3 high. Initial resistance is at
159-05, Nov 6 high. Likely to trade heavy near-term!

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