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Back Under 150-00 *RES 4:......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: Back Under 150-00
*RES 4: 154-25/30 Series of prev highs
*RES 3: 152-03    38.2% 177-11-136-16
*RES 2: 150-21    Mar 28 high
*RES 1: 150-10    May 16 high
*PRICE: 149-26    @ 0942 GMT, May 16
*SUP 1: 147-22    50-dma
*SUP 2: 146-23/21 100-dma/May 3 low
*SUP 3: 145-31/23 Apr 17 low/Mar 20 low
30-Yr futures topped out at 150-10 yesterday, its highest level since Mar 28.
The retracement extended back under 150-00, before forming a base ahead of
149-10. Bulls need a positive weekly close to extend the recent uptrend and
challenge the ytd highs at 150-21. Above here opens the Jan 17 2018 high at
151-06, ahead of the 38.2% retracement level of the Jul 2016 high - Oct 2018 low
at 152-03. Bears need a close back under the 50-dma at 147-22, before
challenging the 100-dma & May 3 low at 146-23/21.

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