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10-YEAR YIELD TECHS: Bearing Down on 3% *RES.....>

US
US: 10-YEAR YIELD TECHS: Bearing Down on 3%
*RES 3: 3.3010 Channel top from Dec 2016 high
*RES 2: 3.2594 Oct 9 High
*RES 1: 3.1177 50-dma
*PRICE: 3.0390 @ 15:51 GMT, Nov 23
*SUP 1: 3.0240 Sep 28 low
*SUP 2: 3.0046/32 Up trendline support from Sep 2017 lows/100-dma
*SUP 3: 2.9502 200-dma
10y yields looked relatively perky ahead of the Thanksgiving holiday, but the
re-opening of trade for half a session Friday put paid to any further upside.
Yields initially faltered ahead of the 38.2% retracement of August lows to
October highs at 3.0864 and now markets turn their attention to any break
through 3%. Markets maintained the double top formation Friday which targets a
move down to 2.85. Ahead of here lies the Sep 28 low at 3.0240. Bulls need to
break back above the 50-dma at 3.1177 to return the focus to the upside and
target the cycle highs at 3.2594 seen on Oct 9.

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