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(M0) Pullback Likely A.........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M0) Pullback Likely 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: 179-31 @ 11:52 BST, May 5
*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 are pulling back however, 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.

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