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10-YEAR YIELD TECHS: At the Top of Friday's......>

US
US: 10-YEAR YIELD TECHS: At the Top of Friday's Range
*RES 3: 2.9433 200-dma
*RES 2: 2.9003/2.9167 50% 3.2594-2.5412/Dec 13 2018 high
*RES 1: 2.7968/2.8156 Jan 18 high/38.2% of 3.2594-2.5412
*PRICE: 2.7566 @ 11:09 GMT, Jan 28
*SUP 1: 2.7127 21-dma
*SUP 2: 2.6991/2.6691 38.2%/50% 2.5412-2.7968
*SUP 3: 2.5412/2.5206 Jan 4 low/Jan 16 2018 low
We have started the week trading in the top half of the yield range seen on
Friday, where the 21-dma provided yield support to keep the outlook neutral for
now. For yields to move higher, the Jan 18 high and 38.2% retracement of
3.2594-2.5412 provide the next level of yield resistance at 2.7968/2.8156. For
yields to move lower, they must see a close below the 21-dma - a move which
would shift the outlook for yields negative, opening the Jan 14 low at 2.6579.
Below here, a potential return to the Jan 4 low at 2.5412.

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