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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: 2.6453 @ 16:02 GMT, Jan 31
*SUP 1: 2.6435 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
Yield bears are back in the driving seat following the clean break of the 21-dma
Wednesday. 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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