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10-YEAR YIELD TECHS: Comfortably Above 3.0%......>

US
US: 10-YEAR YIELD TECHS: Comfortably Above 3.0%
*RES 4: 3.2400 Channel top
*RES 3: 3.2206 July 2011
*RES 2: 3.1261 May 18 high
*RES 1: 3.0682 Intraday high
*PRICE: 3.0552 @09:48 GMT, 19 Sep
*SUP 1: 2.9465 Triangle top from May high
*SUP 2: 2.9373 50% 2.8063-3.0682
*SUP 3: 2.9225 100-DMA
*SUP 4: 2.8694 Sep 7 low
Having comfortably closed above 3.00 yesterday, bulls look to take out the
European morning high at 3.0682, before challenging the May 18 peak. A break of
which would send yields into multi-year high territory, suggesting further
gains. The July 2011 high lies beyond here at 3.2206. Bears need to break back
below the triangle top from the May high at 2.9465 & 100-dma in order to shift
the outlook back to neutral.

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