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(M0) Heading In A Sideways.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M0) Heading In A Sideways Direction
*RES 4: 185-29 76.4% retracement of the Mar 9 - 18 decline
*RES 3: 184-07 High Mar 12
*RES 2: 183-02 High Apr 22 and the bull trigger
*RES 1: 182-15 High May 15
*PRICE: 179-12 @ 11:49 BST, May 26
*SUP 1: 178-01/177.14 50-day EMA / Low Apr 13 and 14
*SUP 2: 176-20 Low Mar 24
*SUP 3: 174-28 Low Mar 23
*SUP 4: 174.00 Round number support
30yr futures have pulled away from Friday's high of 181.04. The broader outlook
is bullish however for now activity is stuck in a range. A break of resistance
at 183.02, Apr 22 high is required to confirm a bullish breakout and allow for a
resumption of strength. This would open 184-07, Mar 12 high and 185-29, a
retracement level. Weakness through 177.14, Apr 13 and 14 low would instead mark
an important technical break and signal scope for deeper losses.

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