(U0) Consolidating, But........>

US 30YR FUTURE TECHS: (U0) Consolidating, But Needle Still Points North

*RES 4: 184-04 1.236 projection of the Jun 5 - 11 rally from the Jun 16 low

*RES 3: 182-12 1.000 projection of the Jun 5 - 11 rally from the Jun 16 low

*RES 2: 181-15 High Apr 21 and bull trigger

*RES 1: 181.14 High Jul 10

*PRICE: 180-01 @ 11:48 BST, Jul 21

*SUP 1: 177-06 Low Jul 6 and key near-term support

*SUP 2: 176-13 Low Jun 24

*SUP 3: 174-29 Low Jun 16 and the reversal trigger

*SUP 4: 174-07 Low Jun 10

30yr futures are unchanged and continue to trade below the Jul 10 high of

181-14. Despite the recent pullback from this high, a bullish outlook dominates.

The contract has recently breached resistance from 179-17, Jun 30 high to

180-28, May 15 high reinforcing bullish conditions. Attention is on the next

hurdle at 181-15, Apr 21 high. A breach would signal a broader range breakout

and open 189-24 further out, Mar 9 high. The initial key support is at 177-06.