US 30YR FUTURE TECHS: (M0).....>

US 30YR FUTURE TECHS: US 30YR FUTURE TECHS: (M0) Still Caught In A Range

*RES 4: 185-29 76.4% retracement of the Mar 9 - 18 decline

*RES 3: 184-07 High Mar 12

*RES 2: 183-02 High Apr 22 and the bull trigger

*RES 1: 182-20 High Apr 29

*PRICE: 180-16 @ 11:45 BST, May 18

*SUP 1: 178-01 Low May 6

*SUP 2: 177-23/14 50-day EMA / Low Apr 13 and 14

*SUP 3: 176-20 Low Mar 24

*SUP 4: 174-28 Low Mar 23

30yr futures rebounded off 178-01 on May 6 low. Although the broader outlook

remains bullish, futures continue to trade within a broad range. A break of

resistance at 183.02, Apr 22 high is required to confirm a range breakout and

set the scene for a stronger rally. This would open 184-07, Mar 12 high and

185-29, a retracement level. Weakness through 178-01 would be bearish, exposing

177-23/14, the 50-day EMA and Apr 13/14 low plus the range base.