10-YEAR YIELD TECHS: 3.20 Remains The Target.....>

US: 10-YEAR YIELD TECHS: 3.20 Remains The Target

*RES 4: 3.3956 Apr 5 2011 low, now resistance

*RES 3: 3.3000 Channel top from Dec 2016 high

*RES 2: 3.2594 High Oct 9

*RES 1: 3.2000 Resistance

*PRICE: 3.1397 @ 16:41 GMT, Oct 31

*SUP 1: 3.0482 Low Oct 3

*SUP 2: 3.0139 Aug 1 high, now support

*SUP 3: 2.9174 200-dma

*SUP 4: 2.8098 Low Aug 24

The rally Wednesday topped out at 3.1586, keeping 3.20 as the next upside target

after yields drifted lower throughout US trade. 10-year yields continue to hold

the recovery of recent losses, keeping the focus on 3.20. A close above here

allows bulls to challenge the Oct 9 cycle high at 3.2549. Bears need to break

the Oct 3 low at 3.0482 to change the short-term outlook, bringing the Aug 1

high back into play just above the 3.0 level.