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10-YEAR YIELD TECHS: Moment Of Truth Nears.......>

US
US: 10-YEAR YIELD TECHS: Moment Of Truth Nears
*RES 4: 3.0540 18-Year Monthly chart Trendline
*RES 3: 2.9551 3.5 month trendline resistance, top of triangle
*RES 2: 2.9237 Aug 6 Low, Support-Turned-Resistance
*RES 1: 2.8987 Beginning of 2.90 resistance area
*PRICE: 2.8949 @ 10:15 GMT
*SUP 1: 2.8296 Aug 31 low
*SUP 2: 2.8170 5-month trendline support, bottom of triangle
*SUP 3: 2.8053 Jul 6 Low
*SUP 4: 2.7859 200-DMA
Bulls are back on the front foot as resistance at 2.9000 comes under attack.
This level marks down trendline resistance from the May top and a break through
there sets up a move to pivotal resistance at 2.9237. The ability to overcome
these hurdles in the coming days would turn the technical picture towards higher
yields. The uptrend will only be reversed in bears' favour upon a decisive break
lower through 5-month trendline support which currently comes in at 2.8170.

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