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10-YEAR YIELD TECHS: 200-DMA Gives Way *RES 4:...>

US
US: 10-YEAR YIELD TECHS: 200-DMA Gives Way
*RES 4: 3.3010 Channel top from Dec 2016 high
*RES 3: 3.2594 Oct 9 High
*RES 2: 3.1233 50-dma
*RES 1: 3.0974 50% 3.2594-2.9353
*PRICE: 2.9533 @ 10:43 GMT, Dec 4
*SUP 1: 2.9278 Sep 10 low
*SUP 2: 2.8660 Uptrend from March low
*SUP 3: 2.8063 Aug 22 low
*SUP 4: 2.7838 38.2% 2.0144-3.2594
Having breached up trendline support off the April low yesterday, downside focus
resumed with bears needing a close below the 200-dma at 2.9568 to shift the
bigger picture outlook negative. The Sep 10 low provides the next support level
at 2.9278, ahead of the uptrend off the March low at 2.8660. Bulls initially
need to recover the 3.00 level, before focusing on the 50% retracement & 50-dma
at 3.0974/3.1233.

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