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10-YEAR YIELD TECHS: Back Above 3.20 *RES 4:.....>

US
US: 10-YEAR YIELD TECHS: Back Above 3.20
*RES 4: 3.6132    High April 2011
*RES 3: 3.3956    Apr 5 2011 low, now resistance
*RES 2: 3.2594    High Oct 9
*RES 1: 3.3255    Channel top
*PRICE: 3.2089    @ 09:34 GMT, Oct 18
*SUP 1: 3.1283/61 21-dma/May 18 high, now support
*SUP 2: 3.1519    Channel base/23.6% 2.8063-3.2594
*SUP 3: 3.0139    Aug 1 high, now support
*SUP 4: 2.9794    61.8% 2.8063-3.2594
The break back above 3.20 following the FOMC Minutes has returned the focus to
the Oct 9 high at 3.2594. A break above would extend the uptrend towards the
channel top at 3.3255 & Apr 5 2011 low at 3.3956. For a meaningful fall in
yields, the channel base at 3.1519 would need to be breached, opening a move
towards the 3.05 level, ahead of the Aug 1 high at 3.0139.

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