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10-YEAR YIELD TECHS: Bullish Trend *RES 4:.......>

US
US: 10-YEAR YIELD TECHS: Bullish Trend
*RES 4: 3.2400 Channel top
*RES 3: 3.2206 July 2011
*RES 2: 3.1261 May 18 high
*RES 1: 3.0943 Sep 20 high
*PRICE: 3.0833 @09:32 GMT, Sep 24
*SUP 1: 2.9503 50% 2.8063-3.0943
*SUP 2: 2.9465 Triangle top from May high
*SUP 3: 2.9259 100-DMA
*SUP 4: 2.8694 Sep 7 low
Despite having failed to re-test the Sep 20 peak, corrective pullbacks are
limited with yields comfortably holding above the 3.0800 level. The US 10-Yr
retains its outright bullish trend targeting a break of the May 18 ytd high at
3.1261 for the resumption of the uptrend. Bears initially need to clear the 3.00
area, a break back below the triangle top from the May high at 2.9465 & 100-dma
at 2.9259 shifts the short-term outlook back to neutral.

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