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10-YEAR YIELD TECHS: Consolidating Friday's......>

US
US: 10-YEAR YIELD TECHS: Consolidating Friday's Gains
*RES 5: 2.9475 200-dma
*RES 4: 2.9003 50% 3.2594-2.5412
*RES 3: 2.8985 Hourly resistance Dec 14
*RES 2: 2.7348/7946 38.2%/50% of 3.0479-2.5412
*RES 1: 2.7153 Apr 2 low, now resistance
*PRICE: 2.6463 @ 11:05 GMT, Jan 7
*SUP 1: 2.5412 Jan 4 low
*SUP 2: 2.5206 Jan 16 2018 low
*SUP 3: 2.4900 61.8% 2.0144-3.2594
*SUP 4: 2.4145 Jan 2 2018 low
US 10-year yields witnessed a minor pullback off Friday's Powell/equity rally to
briefly trade under 2.64. Despite this, the recent downtrend remains intact with
downside focus on 2.5412, a break opens the Jan 16 low at 2.5206, ahead of the
61.8% retracement level at 2.4900. Bulls need to clear the 50% fibo level &
broken t-line support-turned-resistance at 2.7946/2.8015 to change the outlook.

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