10-YEAR YIELD TECHS: Bears Targeting YTD Low.....>

US: 10-YEAR YIELD TECHS: Bears Targeting YTD Low

*RES 4: 2.9400        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: 2.6253        @ 10:55 GMT, Feb 1

*SUP 1: 2.6168        Jan 31 low

*SUP 2: 2.5412        Jan 4 YTD low

*SUP 3: 2.5206        Jan 16 2018 low

*SUP 4: 2.4900        61.8% 2.0144-3.2594

Bears are looking to build on recent downside momentum, targeting a break of the

Jan 4 ytd low at 2.5412. Below here would open the Jan 16 low at 2.5206, ahead

of the 61.8% retracement level at 2.4900. Bulls need to recover the 21-dma,

before shifting focus to the Jan 30 high at 2.7330. A break above would allow a

run at the 50-dma & 38.2% retracement at 2.8101/56.