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Clinging on to 149-00 *RES.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: Clinging on to 149-00
*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: 149-06        @ 09:43 GMT, May 22
*SUP 1: 147-28        50-dma, T-line support off Mar lows
*SUP 2: 146-27/21     100-dma/May 3 low
*SUP 3: 145-31/23     Apr 17 low/Mar 20 low
*SUP 4: 144-01/143-19 200-dma/50% 136-16-150-21
30-Yr futures briefly traded under the 149-00 level yesterday, before dip buyers
emerged to close around 149-05/10. Recovery efforts have so far held shallow
with bears looking to clear the 149-00 level to open trendline support off the
Mar lows & 50-dma at 147-28. Below here would extend the downtrend towards the
100-dma & May 3 low at 146-27/21. Bulls need to recover the 150-00 level before
challenging the May 16/Mar 28 highs at 150-10/21.

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