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Challenging 50-DMA Support.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: Challenging 50-DMA Support
*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: 148-17        Apr 10 high
*PRICE: 146-29        @ 09:30 GMT, Apr 15
*SUP 1: 146-24        50-dma
*SUP 2: 146-03/145-23 Up trendline support/Mar 20 low
*SUP 3: 145-13        100-dma
*SUP 4: 143-19/17     50% 136-16-150-21/200-dma
As the rally in US Tsy futures fades, the 30-Yr extended its corrective pullback
to rest on support from the 50-dma. The recently charted bearish engulfing line
candle adds weight to the short-term reversal with next support seen at
146-03/145-23, which represents up trend line support of the Nov lows & Mar 20
low. Bulls need to recover the Apr 10 high to stabilise the outlook and put
topside focus back on the 150-00 area.

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