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(U0) Still Trading Above.......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U0) Still Trading Above Recent Lows
*RES 4: 179-18 High May 22
*RES 3: 178-26 High Jun 1 and a key resistance
*RES 2: 177-12 High Jun 3
*RES 1: 176-10 Low May 19 and recent breakout level
*PRICE: 175-06 @ 11:55 BST, Jun 10
*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 have bounced off recent lows and defined a key support at 170-30,
Jun 5 low. The move higher is considered a correction with a bearish theme still
dominating the S/T outlook. This follows last week's move lower, and importantly
the break of support at 176-10, May 19 low that signalled an end to the broad
sideways move that has dominated since early April. This has opened the 170-00
handle next. Key near-term resistance is at 176-10.

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