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10-YEAR YIELD TECHS: 21-DMA Cracks *RES 4:.......>

US
US: 10-YEAR YIELD TECHS: 21-DMA Cracks
*RES 4: 3.6132 High April 2011
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.3000 Channel top from Dec 2016 high
*RES 1: 3.2594 High Oct 9
*PRICE: 3.1298 @ 16:28 GMT, Oct 23
*SUP 1: 3.1110 Oct23 low
*SUP 2: 3.0864 38.2% retracement from Aug lows to Oct highs
*SUP 3: 3.0139 Aug 1 high, now support
*SUP 4: 3.0094 50-dma
US 10- year yields came under significant downside pressure from the off
Tuesday, triggered by a break of up trendline support from the Sep lows as well
as the fall through the 21-dma at 3.1433%. A close below that mark would allow
bears to target the key Aug 1 high at 3.0139%, now acting as support. Bulls need
to initially hold and close above the 21-dma before looking to reclaim 3.20% to
keep the Oct 9 high at 3.2594% alive.

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