(M0) Pullback Considered A.....>

US 30YR FUTURE TECHS: (M0) Pullback Considered A Correction

*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: 179-25 @ 11:45 BST, May 6

*SUP 1: 179-16 Low Apr 17

*SUP 2: 177-14 Low Apr 13 and 14 and key near-term support

*SUP 3: 176-26/20 50-day EMA / Low Mar 24

*SUP 4: 174-28Low Mar 23

30yr futures continue to pull back, From a trend perspective the outlook remains

bullish and the move lower is considered a correction. A positive theme follows

gains off 177-14, 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. Attention is on 184-07, Mar 12 high and 186-13, Mar 10 high. The

bull trigger is 183-02, Apr 22 high. 179-16 is the first support.