10-YEAR YIELD TECHS: Cracks Long-term Up Trend...>

US: 10-YEAR YIELD TECHS: Cracks Long-term Up Trend

*RES 3: 2.9552 200-dma

*RES 2: 2.8985 Hourly resistance Dec 14

*RES 1: 2.8613/8969 38.2%/50% of Dec range 3.0479-2.7459

*PRICE: 2.7601 @ 10:53 GMT, Dec 20

*SUP 1: 2.7459 Intraday low

*SUP 2: 2.7153 April 2 low

*SUP 3: 2.6459 Feb 6 low

Having cracked below the long-term up trendline support to touch 2.7459 (lowest

level since April), recovery efforts have remained shallow to keep the downside

in focus. Bears target a break of the Apr 2 low at 2.7153, a break opens the Feb

6 low & 50% retracement level at 2.6459/2.6369. Bulls need to recover the 50%

retracement level of Dec range to improve the short-term outlook. A break of the

200-dma would reignite the uptrend opening a run at the 3.0 level and 100-dma at

3.0115.