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10-YEAR YIELD TECHS: Focusing on Aug lows *RES...>

US
US: 10-YEAR YIELD TECHS: Focusing on Aug lows
*RES 4: 3.0754 50-dma
*RES 3: 3.0402 50% 3.2594-2.8210
*RES 2: 3.0158 100-dma
*RES 1: 2.9566 200-dma
*PRICE: 2.8282 @ 10:46 GMT, Dec 18
*SUP 1: 2.8210 Intraday low
*SUP 2: 2.8063 Aug 22 low, top bottom target
*SUP 3: 2.7838 38.2% 2.0144-3.2594
*SUP 4: 2.7594 Low May 30
US 10-Year yields extended the downtrend to 2.8210, its lowest level since
August. Recovery efforts have so far remained shallow bringing the Aug 22 low
into view at 2.8063, below which would trigger a large topping pattern, shifting
the bigger picture outlook further negative. Bulls' focus remains on the 200-dma
at 2.9566, a break above here would reignite the trend opening the 3.0 level and
100-dma at 3.0158.

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