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(Z9) Still Looking For A.......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Still Looking For A Recovery
*RES 4: 163-08 Bear channel top drawn off the Sep 3 high
*RES 3: 162-19 High Oct 11
*RES 2: 161-22 High Nov 1 and key resistance
*RES 1: 160-29 High Nov 21
*PRICE: 159-17 @ 11:33 GMT, Nov 25
*SUP 1: 158-18 Former channel top drawn off the Oct 8 high
*SUP 2: 157.28 Low Nov 18 and key near-term support
*SUP 3: 156-11 Low Nov 13
*SUP 4: 155-26 Low Nov 7
30yr futures sold off late last week and remain under some pressure for now. The
near-term outlook however remains bullish following the recent breach of bear
channel resistance drawn off the Oct 8 high. This confirmed an important
short-term bullish technical development with attention on 161-22, Nov 1 high.
Support has been defined at 157-28, Nov 18 low where a break is required to
neutralise the current bullish phase and highlight a bearish threat.

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