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

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U0) Still Trading Above Recent Lows
*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: 176120 Intraday high
*PRICE: 175-00 @ 12:02 BST, Jun 11
*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 rallied yesterday and have continued in that direction today. The
strong climb over the past 3-trading sessions suggests a stronger bullish theme
with the contract trading back above the 20- and 50-day EMAs. The focus is on
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. Initial support is 174-07.

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