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(M0) Consolidating *RES 4:.....>

US 30YR FUTURE TECHS: (M0) Consolidating
*RES 4: 186-13 High Mar 10
*RES 3: 185-29 76.4% retracement of the Mar 9 - 18 decline
*RES 2: 184-07 High Mar 12
*RES 1: 183-02 High Apr 22 and the bull trigger
*PRICE: 181-08 @ 11:47 BST, May 1
*SUP 1: 179-16 Low Apr 17
*SUP 2: 177-14 Low Apr 13 and 14 and key near-term support
*SUP 3: 176-20 Low Mar 24
*SUP 4: 175-22 50-day EMA
30yr futures remain bullish although for now consolidation dominates. A positive
theme follows recent gains off 177-14, the Apr 14 low. The bullish outlook is
also reinforced by the strong broader recovery off the 50-day EMA on Mar 18/19,
suggesting the uptrend remains intact. With a bullish theme holding, attention
is on 184-07, Mar 12 high and 186-13, Mar 10 high. A breach of the bull trigger
at 183-02, Apr 22 high would confirm a resumption of gains. 179-16 is support.

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