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10-YEAR YIELD TECHS: Consolidating Gains *RES....>

US
US: 10-YEAR YIELD TECHS: Consolidating Gains
*RES 4: 3.4508 Apr 18 2011 high
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.3000 Channel top from Dec 2016 high
*RES 1: 3.2594 Oct 9 High
*PRICE: 3.1913 @ 10:37 GMT, Nov 6
*SUP 1: 3.0482 Low Oct 3
*SUP 2: 3.0139 Aug 1 high, now support
*SUP 3: 2.9284 200-dma
*SUP 4: 2.8098 Low Aug 24
The uptrend is looking strong following the break above 3.20 on Friday, with
bulls firmly focused on the cycle high of 3.2549 seen on Oct 9. A break above
here would bring the 3.30 level into play, ahead of a return to 2011 levels.
Bears need to break below the 21-dma to return the focus to the Oct 3 low at
3.0482. Below here would shift the short-term outlook negative, bringing the Aug
1 high back into view just above the 3.0 level.

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