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10-YEAR YIELD TECHS: Bears In Control *RES 4:....>

US
US: 10-YEAR YIELD TECHS: Bears In Control
*RES 4: 2.9412        200-dma
*RES 3: 2.9003/2.9167 50% 3.2594-2.5412/Dec 13 2018 high
*RES 3: 2.7968/2.8156 Jan 18 high/38.2% of 3.2594-2.5412
*RES 1: 2.7330        Jan 30 high
*PRICE: 2.6649        @ 10:55 GMT, Jan 31
*SUP 1: 2.6560        Intraday low
*SUP 2: 2.6382        76.4% 2.5412-2.7968
*SUP 3: 2.5412/2.5206 Jan 4 low/Jan 16 2018 low
*SUP 4: 2.4900        61.8% 2.0144-3.2594
Bears are back in the driving seat following yesterday's clean break of the
21-dma. The 76.4% retracement level is the next downside target at 2.6382, ahead
of a potential return to the Jan 4 low at 2.5412. Bulls look to clear the Jan 30
high at 2.7330, before shifting focus to the Jan 18 high & 38.2% retracement at
2.7968/8156. A break above would allow a run at the 200-dma ahead of the 3.0
pivot area.

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