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US 30YR FUTURE TECHS: (Z9) Still Set To Edge Higher
*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: 160-15 @ 11:33 GMT, Nov 27
*SUP 1: 159-12 Low Nov 20 and 21
*SUP 2: 158-22 Former channel top drawn off the Oct 8 high
*SUP 3: 157-28 Low Nov 18 and key near-term support
*SUP 4: 156-11 Low Nov 13
30yr futures are still likely to continue retracing the sell-off on Nov 21. The
near-term outlook is bullish and this weeks gains are encouraging. The positive
theme follows the recent breach of bear channel resistance drawn off the Oct 8
high. This confirmed an important 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 recovery and highlight a bearish threat.