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(M0) Key S/T Support Is........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M0) Key S/T Support Is 177-20
*RES 4: 193-27 4.236 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 3: 191-30 4.00 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 2: 191-22 High Mar 9 and bull trigger
*RES 1: 186-13 High Mar 10
*PRICE: 183-17 @ 10:50 GMT, Mar 12
*SUP 1: 177-20 Intraday low
*SUP 2: 173-24 Low Mar 6
*SUP 3: 171-14 20-day EMA
*SUP 4: 169-00 Low Mar 3
30yr futures are firmer today but still trade below Monday's 191-22 high
following Tuesday's sharp pullback. The strong uptrend has been in overbought
territory for some time and the focus is on the potential for a much needed
technical correction. Key S/T support has been defined at today's177-20 intraday
low. This level would need to give way to allow for a deeper pullback. Until
then, the risk is for a retest of recent highs and a resumption of the uptrend.

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