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10-YEAR YIELD TECHS: 2.60 Looks Like Strong......>

US
US: 10-YEAR YIELD TECHS: 2.60 Looks Like Strong Support
*RES 3: 2.7459/77 Dec 20-Dec 19 lows, now resistance
*RES 2: 2.7187/7280 Mar 6 high/61.8% 2.7968-2.6168
*RES 1: 2.6916/43 Mar 7 high/50-dma
*PRICE: 2.6411 @ 16:26 GMT, Mar 8
*SUP 1: 2.6136 Broken Trendline Support
*SUP 2: 2.6051 Intraday low
*SUP 3: 2.5412 Jan 4 YTD low
10-year yields broke below trendline support at 2.6136 to hit the lowest levels
since early January, keeping the momentum in favour of yield bears for now. A
close below here on the week would open a run at the Jan 4 ytd low, ahead of the
2.50 level. Bulls need to recover the 50-dma at 2.6943 to stabilise the outlook
and bring the March 6 high & 61.8% retracement level back into view at
2.7187/7280. Above here would shift the outlook positive and open the Mar 1 high
at 2.7658.

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