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10-YEAR YIELD TECHS: Down Trend Channel..........>

US
US: 10-YEAR YIELD TECHS: Down Trend Channel Forming
*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: 3.0793 @ 16:40 GMT, Oct 26
*SUP 1: 3.0549 Intraday low
*SUP 2: 3.0482 Low Oct 3
*SUP 3: 3.0139 Aug 1 high, now support
*SUP 4: 2.9087 200-dma
Having failed to recover the 21-dma Thursday, US 10-year yields slipped lower
still Friday and are on track to break below the early October lows of 3.0240
and the 50-dma, currently sitting at 3.0232. This keeps the short-term picture
tilted to the downside. Bulls need to overcome the 21-dma to shift the focus
back to the 3.20 level, above which opens the Oct 9 high at 3.2594.

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