(M18) 145-14/145-16 Proving....>

US 30YR FUTURE TECHS: (M18) 145-14/145-16 Proving Tough In The Near Term

*RES 4: 146-30 2% volatility band

*RES 3: 146-21 Feb 6 high

*RES 2: 146-01 38.2% Fibo of 153-14/141-14

*RES 1: 145-14/16 76.4% Fibo of 146-21/141-14, 1% vol band

*PRICE: 144-02 @1032GMT

*SUP 1: 143-26/27 Mar 12 high, Mar 19 low

*SUP 2: 143-13 Mar 13 low

*SUP 3: 142-20/21 1% volatility band, Mar 5 low

*SUP 4: 142-04 Feb 27 low

*COMMENTARY* Topside had been pushing up against the 76.4% Fibo retrace level at

145-14 and also the upper 1% volatility band, at 145-16 by time today and likely

needs a move above here, before further near term confidence will appear. In the

meantime, support from the early March highs at 144-00, has been lost this was

the protection to the stronger level from the Mar 13 low at 143-13. Directly

through 145-14 and the 146-01/146-21 region becomes the next likely target zone.