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(Z9) Pauses for breath *RES....>

US 30YR FUTURE TECHS: (Z9) Pauses for breath
*RES 3: 169-31/03 Low Jul 22 2016/High Sep 28 2016
*RES 2: 167-23 76.4% Fib 177-11 - 136-16
*RES 1: 167-18 Cycle High
*PRICE: 161-18 @ 10:23 GMT, Sep 27
*SUP 1: 157-17 Low Sep 13
*SUP 2: 157-08 100-dma
*SUP 3: 156-30 50% retracement Oct 2018 low to July 2016 high
After a decent winning streak culminating in eight consecutive sessions of
higher highs, bulls hit pause at the tail-end of the week and that remains the
case early Friday. The pullback over the past few sessions has been minor,
however, doing little to change the technical outlook. Should bullish momentum
resume, cycle highs at 167-18 remain the ultimate target. Fib resistance at
162-18 was taken out Tuesday, moving the needle further upward. The first target
for bears remains the recent low print at 157-17 ahead of Fib support kicking in
just above below the 157 handle.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |
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