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(Z9) Rangebound *RES 4:........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Rangebound
*RES 4: 171-16 High Sep 7 2016
*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: 164-30 @ 11:17 BST, Aug 30
*SUP 1: 162-15 Low Aug 14
*SUP 2: 159-23 Low Aug 8
*SUP 3: 157-02/30 Jul 5 high/ 50% retracement Oct 2018 low to July 2016 high
*SUP 4: 155-29 High Jul 31
While the longer-end of the US yield curve is still outperforming, it's starting
to fade slightly at the tail-end of the week, retreating further from the new
cycle high printed up at 167-18 Wednesday. The bullish argument remains in tact,
keeping 167-23 on the cards, but a sustained break higher remains unlikely for
the time being. 164-00 is first support, a break of which would open the August
14 low at 162-15.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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