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/ 10-YEAR YIELD TECHS: Bullish Reversal *RES.....>

US
US: / 10-YEAR YIELD TECHS: Bullish Reversal
*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: 2.8712 @ 10:15 GMT
*SUP 1: 2.8296 Aug 31 low
*SUP 2: 2.8053 Jul 6 Low
*SUP 3: 2.7804 200-DMA
*SUP 4: 2.7576/94 May 29/30 Low
US 10-year yields have rebounded ahead of major up trendline support generating
a bullish reversal pattern on daily charts. The 50-DMA at 2.8839 is currently
being pressured and a break above here will return the focus to the 2.90% level
and the pivotal resistance at 2.9237. The ability to overcome these hurdles in
the coming days would turn the technical picture towards higher yields. Holding
above the 2.8296 end of August lows maintains the bottom formation.

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