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10-YEAR YIELD TECHS: 2.90% Resistance Still......>

US
US: 10-YEAR YIELD TECHS: 2.90% Resistance Still Looms Large
*RES 4: 3.0540 - 18-Year Monthly chart Trendline
*RES 3: 2.9886 - 2.5 month trendline resistance, top of triangle
*RES 2: 2.9237 - Aug 6 Low, Support-Turned-Resistance
*RES 1: 2.8987 - Beginning of 2.90 resistance area
*PRICE: 2.8804 @ 10:24 GMT
*SUP 1: 2.8406 - Trendline support, bottom of triangle
*SUP 2: 2.8353 - Low Aug 15
*SUP 3: 2.8053 - Low Jul 6
*SUP 4: 2.7594 - Low May 30
A bounce off trendline support at 2.8353 Wednesday has brought the 10-year yield
slightly higher but the real test will be the 2.90 resistance level which was
tested unsuccessfully on both Aug 14 and early Aug 15. Upon a decisive move
through 2.90-2.91, the next level to watch is the top of the triangle formation
which currently comes in at 2.9886. Conversely, next major support is at the
uptrend coming in at 2.8406.

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