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10-YEAR YIELD TECHS: Downtrend Pauses, But.......>

US
US: 10-YEAR YIELD TECHS: Downtrend Pauses, But Intact For Now
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.3000 Channel top from Dec 2016 high
*RES 1: 3.2594 High Oct 9
*PRICE: 3.1299 @ 16:40 GMT, Oct 25
*SUP 1: 3.0922 Low Oct 24
*SUP 2: 3.0864 38.2% retracement from Aug lows to Oct highs
*SUP 3: 3.0240 Low Sep 28
After a torrid session Wednesday, US 10-year yields managed to modestly bounce
back Thursday, but the wider technical picture remains negative for now. A close
above 3.1327 would slow the downtrend and but bulls need to close above the
21-dma at 3.1466 before looking to reclaim 3.20% to keep the Oct 9 high at
3.2594% alive. To continue the downtrend, the Wednesday low is now acting as
support at 3.0922. A move below here would open up broader moves down to the 50%
retracement of August's lows to October's highs at 3.0329%.

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