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(M18) Holds 142-04 Support,....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M18) Holds 142-04 Support, Hammer Candle Close May Help
*RES 4: 145-09 Initial low Apr 18, now resistance
*RES 3: 144-24/25 Broken 2 month support line, Apr 5 low
*RES 2: 143-31 Apr 20 high
*RES 1: 143-12/18 Apr 19 low, hourly resistance
*PRICE: 143-03 @1040GMT
*SUP 1: 142-09 Apr 23 low
*SUP 2: 142-04 Feb 27 low
*SUP 3: 141-22 2% volatility band
*SUP 4: 141-14 Feb 21 low
*COMMENTARY* The fall from last Wednesday's 146-02 recovery high has broken
beneath the 2 month rising support line, at 144-24 by time today. The subsequent
fall has also now surpassed the 76.4% Fibo retrace level at 142-25, a low of
142-09 on Monday, as we head towards next support from the Feb 27 low at 142-04.
Some near term oversold conditions are aided by the appearance of a 'Hammer'
candle close.  Resistance 143-12/143-31.

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