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10-YEAR YIELD TECHS: Accelerating Lower....>

US BONDS
US BONDS: 10-YEAR YIELD TECHS: Accelerating Lower
*RES 4: 3.084 - High May 21
*RES 3: 3.033 - High Apr 25
*RES 2: 3.014 - High Aug 1
*RES 1: 2.995 - High Aug 3
*PRICE: 2.9339 @ 16:03 GMT
*SUP 1: 2.9137 - 55-DMA
*SUP 2: 2.9020 - Hourly resistance July 23 now support
*SUP 3: 2.8968 - Former resistance July 20
*SUP 4: 2.8761 - Major Up trendline support
US 10-year yields have accelerated lower through the important near-term support
at the 2.9301 level to trigger another bearish signal. Daily momentum indicators
are also turning lower, now joining trend signals in giving bearish signals. A
test of 2.8968 is now likely with a break below here putting the focus on the
major up trendline support on daily charts, currently intervening the 2.8761. A
move back above the 2.9599 is needed to stabilise the near-term outlook.

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