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10-YEAR YIELD TECHS: Key Break Made, More........>

US
US: 10-YEAR YIELD TECHS: Key Break Made, More Resistance Ahead
*RES 4 3.2206 July 2011 high
*RES 3: 3.1261 High May 18
*RES 2: 3.0139 High Aug 1
*RES 1: 2.9550 Triangle top from May high
*PRICE: 2.9369 @ 16:10 GMT
*SUP 1: 2.9200 100-DMA
*SUP 2: 2.8608 50.0% 2.8063-2.9189
*SUP 3: 2.8296 Aug 31 low
*SUP 4: 2.8169 Triangle bottom from April low
Just when it looked like the 10-Yr yield was beginning to losing momentum, it
pushed decisively higher through resistance in the 2.9000-2.9200 area which now
forms immediate support. If it can hold current levels, the next level of
resistance at 2.9550 - which represents the triangle top descending from the May
high - looms large. A break there would encourage bulls to look for a further
move well into the 3.000s.

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