In order to stimulate business and keep mortgage rates low the government is doing everything it can to hold interest rates down.  How long they will be able to borrow money from the rest of the world at these rates is a major question.   In December of last year USU09, the 30-Year Bond future, was trading at 139+;  it is now at 119-07.   There is still upside pressure being applied to the daily chart, but the indicator is in an extended area of the chart and should turn over soon.   To restart a move lower from the current high, price would have to go through 116-20 and then the first price objective would be 113-31.  Price has met resistance at the 60-minute target price, D, 119-05, and now price is trying to move higher.   The resistance points for the move are 119-14 to 119-20, and then 120-04.  I don’t believe that price will reach D at 120-20, but stranger things have happened. (IT)