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10-YEAR YIELD TECHS: Challenging Feb Lows *RES...>

US: 10-YEAR YIELD TECHS: Challenging Feb Lows
*RES 4: 2.9523 50% 3.2594-2.6451
*RES 3: 2.9513 200-dma
*RES 2: 2.8985 Hourly resistance Dec 14
*RES 1: 2.7990/8465 38.2%/50% of 3.0479-2.6451
*PRICE: 2.6752 @ 16:30 GMT, Jan 2
*SUP 1: 2.6451 Intraday low
*SUP 2: 2.6369 50% 2.0144-3.2594
*SUP 3: 2.6076 Jan 24 low
*SUP 4: 2.5206 Jan 16 low
US 10-year yields extended the downtrend to 2.6451, with bears targeting the 50%
retracement level of 2.0144-3.2594 at 2.6369. Below here opens a run at the Jan
24 low of 2.6076, ahead of the Jan 16 low at 2.5206. Bulls need to recover the
38.2% retracement level at 2.7990 to improve the short-term outlook. A break of
the 200-dma at 2.9513 would reignite the uptrend opening a run at the 100-dma.

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