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10-YEAR YIELD TECHS: 2.60 Level Underpins *RES...>

US
US: 10-YEAR YIELD TECHS: 2.60 Level Underpins
*RES 4: 2.7658      Mar 1 high
*RES 3: 2.7459/77   Dec 20-Dec 19 lows, now resistance
*RES 2: 2.7187/88   Mar 6 high/61.8% 2.7968-2.5926
*RES 1: 2.6717/6845 Mar 12 high/50-dma
*PRICE: 2.6285      @ 10:28 GMT, Mar 15
*SUP 1: 2.5926      Mar 12 low
*SUP 2: 2.5412      Jan 4 ytd low
*SUP 3: 2.5007      Dec 21 2017 high
*SUP 4: 2.4320      Triangle breakout target
The 2.60 level has held firm over the last two sessions, with 10-year yields
largely consolidating in a narrow 2.62-2.64 range. Topside focus remains on a
break of the Mar 12 high & 50-dma at 2.6717/6843, above here opens the 61.8%
retracement level at 2.7188. A break of the 2.60 level and Mar 12 low at 2.5926
is needed to extend the downtrend toward the Jan 4 ytd low at 2.5412.

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