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10-YEAR YIELD TECHS: Bearish Breakout *RES 4:....>

US
US: 10-YEAR YIELD TECHS: Bearish Breakout
*RES 4: 2.9853      50% 3.2594-2.7111
*RES 3: 2.9524      200-dma
*RES 2: 2.8985      Hourly resistance Dec 14
*RES 1: 2.8383/8777 38.2%/50% of Dec range 3.0479-2.7111
*PRICE: 2.7322      @ 10:20 GMT, Dec 31
*SUP 1: 2.7111      Dec 28 low
*SUP 2: 2.6459      Feb 6 low
*SUP 3: 2.6369      50% 2.0144-3.2594
*SUP 4: 2.6076      Jan 24 low
US 10-year yields witnessed a bearish break on Friday to 2.7111, its lowest
level since February. Recovery efforts remain shallow to keep the downtrend in
check with bears targeting a break of 2.70, before challenging the Feb 6 low &
50% retracement at 2.6459/2.6369. Bulls need to recover the 50% retracement
level of Dec range to improve the short-term outlook. A break of the 200-dma
would reignite the uptrend opening a run at the 3.0 level and 100-dma at 3.0087.

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