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(M0) Tests The 20-Day EMA......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M0) Tests The 20-Day EMA
*RES 4: 191-30 4.00 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 3: 191-22 High Mar 9 and bull trigger
*RES 2: 186-13 High Mar 10
*RES 1: 184-07 High Mar 12
*PRICE: 180-17 @ 10:54 GMT, Mar 16
*SUP 1: 172-05 Low Mar 13 and just below the 20-day EMA
*SUP 2: 170-18 Low Mar 4 and 5
*SUP 3: 169-00 Low Mar 3
*SUP 4: 167-16 Low Feb 28
30yr futures traded lower Friday extending last week's pullback. Price did
bounce off Friday's low though. The strong uptrend had been overbought for some
time. The focus is on the potential for a continuation of this much needed
correction. Futures have thus far retraced to the 20-day EMA around 172-19 that
represents an important area of support. If cleared , this would expose 170-18
and the 50-day EMA at 166-02. Initial resistance is at 184-07.

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