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(M0) Consolidating But.........>

US 30YR FUTURE TECHS: (M0) Consolidating But Remains Bullish
*RES 4: 186-13 High Mar 10
*RES 3: 184-07 High Mar 12
*RES 2: 182-31 High Apr 3 and key near-term bull trigger
*RES 1: 182-01 High Apr 16
*PRICE: 180-17 @ 11:49 BST, Apr 20
*SUP 1: 177-14 Low Apr 13 and 14
*SUP 2: 176-20 Low Mar 24 and key near-term support
*SUP 3: 174-28 Low Mar 23
*SUP 4: 174-05 50-day EMA
30yr futures traded higher last week having found support last week at 177-14,
just below the 20-day EMA. From a trend perspective, conditions are unchanged
and still bullish. A positive outlook follows the recovery off the 50-day EMA on
Mar 18/19, suggesting the broader uptrend is intact. With a bullish theme in
place, the focus is on 184-07, Mar 12 high and 186-13, Mar 10 high. Initial key
support is at 182-01, Apr 17 high. The bull trigger is 182-31.

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