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10-YEAR YIELD TECHS: Bearish Tests Ahead *RES....>

US
US: 10-YEAR YIELD TECHS: Bearish Tests Ahead
*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: 2.8515 @ 10:44 GMT
*SUP 1: 2.8353 - Low Aug 15
*SUP 2: 2.8218 - Trendline support, bottom of triangle
*SUP 3: 2.8053 - Low Jul 6
*SUP 4: 2.7594 - Low May 30
The 10-year looks heavy on both the daily and weekly charts, with the short- and
long-term trends still bearish. After failing to gain any traction in testing
the 2.90 resistance area, the next support is at the week's low of 2.8353. The
main technical event to watch is a potential test of the bottom of the triangle
the contract has been trading in for the past four months, coming in at just
above 2.82. There is little resistance beneath, with 2.8053 next up.

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