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10-YEAR YIELD TECHS: 2.80 Grows in Importance....>

US
US: 10-YEAR YIELD TECHS: 2.80 Grows in Importance
*RES 4: 3.2594 Oct 9 High
*RES 3: 3.1112 50-dma
*RES 2: 3.0201 50% 3.2594-2.8722
*RES 1: 2.9565 200-dma
*PRICE: 2.8416 @ 16:06 GMT, Dec 6
*SUP 2: 2.8063 Aug 22 low, top bottom target
*SUP 3: 2.7838 38.2% 2.0144-3.2594
*SUP 4: 2.7594 Low May 30
Yields fell comfortably below the uptrend support line traced in from the early
April low, keeping yield bears in firm control at present. Thursday's fall
through here opens the Aug 22 low at 2.8063, which coincides with the measured
move from the double top formation. Bulls initially need to recover the 200-dma
at 2.9565 before focusing on the 50% retracement & 50-dma at 3.0201/3.1102.

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