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(U0) Bearish Focus *RES 4:.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U0) Bearish Focus
*RES 4: 178-26 High Jun 1 and a key resistance
*RES 3: 177-12 High Jun 3
*RES 2: 176-10 Low May 19 and recent breakout level
*RES 1: 174-15 High Jun 5
*PRICE: 172-08 @ 12:00 BST, Jun 08
*SUP 1: 170-30 Low Jun 05
*SUP 2: 170.00 Round number support
*SUP 3: 169-11 2.382 projection of Apr 21 - May 6 swing from May 15 high
*SUP 4: 168-24 2.500 projection of Apr 21 - May 6 swing from May 15 high
30yr futures weakened materially last week, with the break of support at 176-10,
May 19 low signalling an end to the broad sideways move that has dominated since
early April. The break lower paves the way for weakness towards the 170-00
handle next and if this level is cleared, the 165-17 level further out, Mar 19
low. On the upside, key near-term resistance is at 176-10. A break above this
level would see price move back into the recent range.

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