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10-YEAR YIELD TECHS: Double Top Looking in.......>

US
US: 10-YEAR YIELD TECHS: Double Top Looking in Doubt
*RES 3: 3.3010 Channel top from Dec 2016 high
*RES 2: 3.2594 Oct 9 High
*RES 1: 3.1177 50-dma
*PRICE: 3.0737 @ 15:51 GMT, Nov 21
*SUP 1: 3.0240 Sep 28 low
*SUP 2: 3.0046/32 Up trendline support from Sep 2017 lows/100-dma
*SUP 3: 2.9502 200-dma
Despite breaking below their Oct 26 lows yesterday, 10-year yields managed to
recover losses to close up on the day (just), but faltered ahead of the 38.2%
retracement of August lows to October highs at 3.0864. We need to break back
below Monday's low to keep the double top formation in play which targets a move
down to 2.85. Ahead of here lies the Sep 28 low at 3.0240. Bulls need to break
back above the 50-dma at 3.1177 to return the focus to the upside and target the
cycle highs at 3.2594 seen on Oct 9.

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