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Broader base selling going through

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DMO consultation outcome (part 3/3)

(M9) Bulls Need Close Above....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M9) Bulls Need Close Above 146-26
*RES 4: 154-25/30 Series of prev highs
*RES 3: 152-03 38.2% 177-11-136-16
*RES 2: 150-21 Mar 28 high
*RES 1: 148-17 Apr 10 high
*PRICE: 146-11 @ 10:19 GMT, Apr 24
*SUP 1: 145-23 Mar 20 low
*SUP 2: 145-25 100-dma
*SUP 3: 143-19/18 50% 136-16-150-21/200-dma
*SUP 4: 142-10 Dec 13 2018 low
Early Wednesday price action has seen 30y futures break back above the 50-dma
and a close at these levels will work into the hands of the bulls. To confirm
any near-term uptrend, markets initially target 148-13 and 150-21 above there.
Bears look for a move back below 146-00/05 to regain control, targeting a break
of the Mar 20 low & 100-dma at 145-23/25. Below here opens the 50% retracement
level & 200-dma at 143-19/18.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com