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(M0) Still Caught In A Range...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M0) Still Caught In A Range
*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: 180-20 @ 11:53 BST, May 22
*SUP 1: 177-30/14 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 pulled away from recent highs Monday but have retraced the move.
The broader outlook is bullish, but futures continue to trade in a range. A
break of resistance at 183.02, Apr 22 high is required to confirm a bullish
breakout and allow for a stronger rally. This would open 184-07, Mar 12 high and
185-29, a retracement level. Weakness through 178-01, May 6 low would be
bearish, exposing 177-30/14, the 50-day EMA, Apr 13/14 low plus the range base.

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