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10-YEAR YIELD TECHS: Accelerates Losses Below....>

US
US: 10-YEAR YIELD TECHS: Accelerates Losses Below 2.80
*RES 3: 2.9535 200-dma
*RES 2: 2.8985 Hourly resistance Dec 14
*RES 1: 2.8613/8969 38.2%/50% of Dec range 3.0479-2.7459
*PRICE: 2.7470 @ 15:09 GMT, Dec 27
*SUP 1: 2.7452 Intraday low
*SUP 2: 2.7153 April 2 low
*SUP 3: 2.6459 Feb 6 low
Daily charts clearly show yields finding a ceiling at and around the 2.80 level,
which yield bulls will need to rally through in order to change the outlook in
any material way. Downside extended in the Thursday session as the price fell
through broken trendline support at 2.7754 as well as the Dec20 low. Below here
opens the Feb 6 low & 50% retracement level at 2.6459/2.6369. Bulls need to
recover the 50% retracement level of Dec range to improve the short-term
outlook. A break of the 200-dma would reignite the uptrend opening a run at the
3.0 level and 100-dma at 3.0038.

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