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(U0) Comfortably Below Key.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U0) Comfortably Below Key Support
*RES 4: 189-24 Contract high, Mar 9
*RES 3: 184-01 76.4% retracement of the Mar 9 - 19 decline
*RES 2: 181-15 High Apr 21 and the bull trigger
*RES 1: 179-18 High May 22
*PRICE: 172-31 @ 11:43 BST, Jun 05
*SUP 1: 172-30 Low Jun 05
*SUP 2: 171.19 High Mar 19
*SUP 3: 167-05 Low Mar 18
*SUP 4: 166-27 200-dma
30yr futures weakened materially this week, with the break of support signalling
a potential end to the broad sideways move that has dominated early April. New
lows early Friday have triggered an extension lower and open 171-19, the late
March high and potentially lower towards 166-27, 200-dma. Initial key resistance
has been defined at 179-18, May 22 high. A break would neutralise a bearish
threat and leave the contract trading back in its recent range.

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