(U0) Off Recent Highs *RES.....>

US 30YR FUTURE TECHS: (U0) Off Recent Highs

*RES 4: 180-28 High May 15

*RES 3: 179-18 High May 22

*RES 2: 178-26 High Jun 1 and a key resistance

*RES 1: 178.14 High Jun 15

*PRICE: 175-21 @ 11:39 BST, Jun 17

*SUP 1: 174-07 Low Jun 10

*SUP 2: 170-30 Low Jun 05

*SUP 3: 170.00 Round number support

*SUP 4: 169-11 2.382 projection of Apr 21 - May 6 swing from May 15 high

30yr futures traded higher last week resulting in a move above the 20- and

50-day EMAs. This week however, they've traded lower although despite this, a

bullish outlook is maintained. The focus is on the 178-26 resistance, high Jun 1

where a break would open 179-18 and 180-28, the May 22 and May 15 highs

respectively. Clearance of this zone would set the scene for a test of 181-15,

Apr 21 high. On the downside, initial firm support is at 174-07, Jun 10 low.