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10-YEAR YIELD TECHS: Bearish Trend Below 2.80%...>

US
US: 10-YEAR YIELD TECHS: Bearish Trend Below 2.80%
*RES 5: 2.9468 200-dma
*RES 4: 2.9003 50% 3.2594-2.5412
*RES 3: 2.8985 Hourly resistance Dec 14
*RES 2: 2.7348/7946 38.2%/50% of 3.0479-2.5412
*RES 1: 2.7153 Apr 2 low, now resistance
*PRICE: 2.6959 @ 11:05 GMT, Jan 8
*SUP 1: 2.5412 Jan 4 low
*SUP 2: 2.5206 Jan 16 2018 low
*SUP 3: 2.4900 61.8% 2.0144-3.2594
*SUP 4: 2.4145 Jan 2 2018 low
US 10-year yields have enjoyed a strong bounce off the Jan 4 low to briefly
trade above 2.70. Despite this, the longer-term outlook remains bearish below
2.80 with downside focus on a break of 2.5412, before challenging the Jan 16 low
& 61.8% retracement level at 2.5206/2.4900. Bulls need to clear the 21-dma at
2.7743 to open a run at the key 2.80 area.

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