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10-YEAR YIELD TECHS: Double-bottom Support.......>

US
US: 10-YEAR YIELD TECHS: Double-bottom Support Formed
*RES 4: 3.3956 Apr 5 2011 low, now resistance
*RES 3: 3.3000 Channel top from Dec 2016 high
*RES 2: 3.2594 High Oct 9
*RES 1: 3.2000 Resistance
*PRICE: 3.0925 @ 10:45 GMT, Oct 29
*SUP 1: 3.0482 Low Oct 3
*SUP 2: 3.0139 Aug 1 high, now support
*SUP 3: 2.9114 200-dma
*SUP 4: 2.8098 Low Aug 24
US 10-year yields based ahead of 3.0550 to halt the short-term downtrend. Double
bottom support has now formed with bears looking for a break to shift momentum
and challenge the Oct 3 low at 3.0482. Bulls need to overcome the 21-dma to turn
focus back toward the 3.20 level, above here opens the Oct 9 high at 3.2594,
ahead of channel top resistance off the Dec 2016 high at 3.3000.

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