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(U18) 143-14/143-09 Protects...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U18) 143-14/143-09 Protects Against Deeper Correction
*RES 4: 145-28 May 29 high
*RES 3: 145-06/12 May 31 high, hourly high May 30
*RES 2: 144-27 Hourly recovery high May 30
*RES 1: 144-10/14 Hourly resistance, Jun 1 high
*PRICE: 143-21 @1054GMT
*SUP 1: 143-14 Jun 1 low
*SUP 2: 143-09/11 May 29 low, May 4 high
*SUP 3: 142-11/14 May 24 high, May 28 low
*SUP 4: 141-24/27 May 25 low, 61.8% of 139-11/145-28
*COMMENTARY* Had continued to rally since seeing the 139-11 low on May 18. Last
Tuesday's final rise saw a spike to 145-28, just shy of the Apr 17 high at
146-02. The subsequent fall because of an accumulation of overbought conditions
has seen 143-30/143-22 support give way, as we return towards Tuesday's 143-09
low. Any lower will caution and suggest a deeper correction of those gains from
139-11 is underway. Meanwhile, 144-10/144-27 forms initial resistance. 

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