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(Z9) Retains neutral bias......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Retains neutral bias
*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: 163-21 @ 11:35 BST, Sep 5
*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
Despite the acute volatility in the shorter end of the curve this week, price
action in 30yr futures has been more contained, heading into the payrolls
release on a more neutral tilt. This keeps firmer resistance layered between the
166-29/167-18 levels in tact, which bulls may find difficulty topping for now.
The bullish argument remains in tact over the longer-term, however, keeping
167-23 on the cards. The August 14 low at 162-15 is the primary downside target.

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