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10-YEAR YIELD TECHS: Approaching 2.90 *RES 4:....>

US
US: 10-YEAR YIELD TECHS: Approaching 2.90
*RES 4: 3.0540 18-Year Monthly chart Trendline
*RES 3: 2.9886 2.5 month trendline resistance, top of triangle
*RES 2: 2.9237 Aug 6 Low, Support-Turned-Resistance
*RES 1: 2.8987 Beginning of 2.90 resistance area
*PRICE: 2.8749 @ 09:35 GMT
*SUP 1: 2.8408 61.8% 2.8063-2.8967
*SUP 2: 2.8053 Jul 6 Low
*SUP 3: 2.7781 200-DMA
*SUP 4: 2.7576/94 May29/30 Low
Failure to extend through the 21 and 55-dmas yesterday keeps the outlook neutral
for now with bulls looking to overcome a series of resistance levels around the
2.90 area. A close above would confirm the resumption of the broader bullish
trend, opening 2.5 month trendline resistance, top of triangle at 2.9986. On the
downside, bears continue to target the July 6 low at 2.8053, which has so far
proved very difficult to overcome, below here targets the 200-dma at 2.7781.

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