(M18) 142-15 The Next..........>

US 30YR FUTURE TECHS: (M18) 142-15 The Next Barrier To This Week's Bounce

*RES 4: 143-20/21 50% of 147-03/140-05, May 11 high

*RES 3: 143-10 Congestion area May 4-11, 76.4% Fibo 

*RES 2: 142-22 61.8% Fibo of 144-08/140-05

*RES 1: 142-15 May 9 low, now resistance

*PRICE: 142-02 @1105GMT

*SUP 1: 141-18/19 May 16, May 21 highs, now support

*SUP 2: 141-01 May 22 low

*SUP 3: 140-21 Initial recovery high May 18, now support

*SUP 4: 140-05 May 17 low

*COMMENTARY* The fall continued last week, reaching a low of 140-05 on Thursday,

before seeing a bounce aided by some near term oversold conditions. In this

respect, the 141-18/141-19 resistance area has now been overcome, the May 9 low

at 142-15 of more consequence on any move higher. Initial support now from that

141-19/141-18 region and then Tuesday's 141-01 low protects the downside from

another assault, 140-21 then ahead of 140-05 again.