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(Z9) Trades Through Channel....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Trades Through Channel Resistance
*RES 4: 162-19 High Oct 11
*RES 3: 161-22 High Nov 1 and key resistance
*RES 2: 160-26 High Nov 4
*RES 1: 160-17 Nov 20 high
*PRICE: 160-06 @ 11:44 GMT, Nov 20
*SUP 1: 157.28 Low Nov 18 and key near-term support
*SUP 2: 156-11 Low Nov 13
*SUP 3: 155-26 Low Nov 7
*SUP 4: 154-21 Bear channel base drawn off Sep 3 high
30yr futures are firmer today and importantly have cleared the bear channel
resistance drawn off the Oct 8 high. The break of the channel follows the recent
breach of former resistance at 159.00, Nov 7 high and confirms an important S/T
bullish technical development. Attention turns to 161-22, Nov 1 high next. On
the downside, support has been defined at 157-28, Nov 18 low where a break is
required to neutralise the current bullish phase.

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