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10-YEAR YIELD TECHS: Minor Retracement *RES 4:...>

US
US: 10-YEAR YIELD TECHS: Minor Retracement
*RES 4: 3.2400 Channel top
*RES 3: 3.2206 July 2011
*RES 2: 3.1261 May 18 high
*RES 1: 3.1113 Sep 25 high
*PRICE: 3.0443 @09:42 GMT, Sep 27
*SUP 1: 3.0139 Aug 1 high, now support
*SUP 2: 2.9588 50% 2.8063-3.1113
*SUP 3: 2.9465 Triangle top from May high
*SUP 4: 2.9293 100-DMA
Having failed to take out the May 18 high, the post-Fed retracement extended
through Europe, touching pullback lows of 3.0276. Bears target a break of the
Aug 1 high at 3.0139, below here opens the 50% retracement & triangle top off
May highs at 2.9588/2.9465. Above 3.0139 keeps the bullish picture intact, with
a break of 3.1261 needed for resumption of the uptrend.

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