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10-YEAR YIELD TECHS: Fails to Hold Above 3.20....>

US
US: 10-YEAR YIELD TECHS: Fails to Hold Above 3.20
*RES 4: 3.4508 Apr 18 2011 high
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.3000 Channel top from Dec 2016 high
*RES 1: 3.2594 Oct 9 High
*PRICE: 3.1911 @ 16:13 GMT, Nov 7
*SUP 1: 3.0482 Low Oct 3
*SUP 2: 3.0139 Aug 1 high, now support
*SUP 3: 2.9315 200-dma
*SUP 4: 2.8098 Low Aug 24
After breaking above 3.20 and looking constructive at the close, 10-year yields
failed to build and now trade back under the 3.20 mark after encountering strong
resistance ahead of recent cycle highs at 3.2594. A close below 3.20 gives
control back to the bears, targeting the 21-dma at 3.1590, ahead of up trend
line resistance off the Aug 24 low at 3.0972. Bulls need a close above 3.20 and
break of 3.2594 to extend the broader uptrend.

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