(U0) Testing Multi-month.......>

US 30YR FUTURE TECHS: (U0) Testing Multi-month Support

*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: 177-31 @ 11:11 BST, Jun 01

*SUP 1: 176-10 Low May 19

*SUP 2: 175-01 Low Mar 23

*SUP 3: 173-00 Low Mar 20

In line with the 10yr section of the curve, 30yr futures were sold from the

Monday open, resulting in the multi-month support at 177-14 being tested to

define the near-term range. A break through here would dent the outlook, opening

176-10 as the initial downside target. To the upside, a break of resistance at

181.15, Apr 21 high is required to confirm a bullish breakout and allow for a

resumption of strength. This would open 184-01, the 76.4% retracement of the

decline between Mar 9 - 19. Further out, the focus would be on the contract high

of 189-24 from Mar 9.