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(M9) Momentum Building *RES....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M9) Momentum Building
*RES 4: 149-31        61.8% 158-09-136-16
*RES 3: 148-27        Jan 4 ytd high
*RES 2: 147-05/17     Feb 19 high/pivotal resistance
*RES 1: 146-17        Mar 12 high
*PRICE: 146-03        @ 10:12 GMT, Mar 13
*SUP 1: 143-16/07     Mar 4 low/100-dma
*SUP 2: 143-02/142-22 200-dma/50% 136-16 to 148-27
*SUP 3: 141-04        Sep 28 high
*SUP 4: 139-14/13     Dec 3 low/76.4% 136-16-148-27
Having based ahead of 145-00 yesterday, 30-yr futures extended the recovery back
through the 50-dma to 146-17. Consolidation remains the theme with topside focus
on a break of the Feb 19 high & pivotal resistance at 147-05/17. Above here
would cement the uptrend with bulls targeting the Jan 4 ytd high at 148-27.
Bears need to a break back under 145-00 to stabilise the outlook, before
focusing on the Mar 4 low & 100-dma at 143-16/07.

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