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

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: 2.8569 @ 09:49 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: 2.7701 200-DMA
Short and long term trends remain bearish with the 10-year yield continuing to
look heavy on both the daily and weekly charts. The next support is at last
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, ahead of the 200-DMA at 2.7701.

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