(M0) Support Holds But Still...>

US 30YR FUTURE TECHS: (M0) Support Holds But Still Range-Bound

*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: 178-29 @ 11:18 BST, May 20

*SUP 1: 178-01 Low May 6

*SUP 2: 177-25/14 50-day EMA / Low Apr 13 and 14

*SUP 3: 176-20 Low Mar 24

*SUP 4: 174-28 Low Mar 23

30yr futures pulled away from recent highs Monday. Although the broader outlook

is bullish, futures continue to trade within a range. A break of resistance at

183.02, Apr 22 high is required to confirm a bullish breakout and set the scene

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 however would be bearish,

exposing 177-25/14, the 50-day EMA and Apr 13/14 low plus the range base.