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(U0) Trades Below Key..........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U0) Trades Below Key Support
*RES 4: 189-24 Contract high, Mar 9
*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: 175-26 @ 11:40 BST, Jun 04
*SUP 1: 175-03 Low Jun 04 and intraday bear trigger
*SUP 2: 175-01 Low Mar 23
*SUP 3: 173-00 Low Mar 20
*SUP 4: 171.19 High Mar 19
30yr futures breached 176-04, Apr 13 low. The break of this support signals a
potential end to the broad sideways move that has dominated early April.
Clearance of yesterday's low of 175-03 would trigger an extension lower and open
175-01, Mar 23 low and potentially lower towards 173-00, Mar 20 low. Initial key
resistance has been defined at 179-18, May 22 high. A break would neutralise a
bearish threat and leave the contract trading back in its recent range.

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