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10-YEAR YIELD TECHS: Momentum Builds *RES 4:.....>

US
US: 10-YEAR YIELD TECHS: Momentum Builds
*RES 4: 3.0540 18-Year Monthly chart Trendline
*RES 3: 2.9886 2.5 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: 2.8695 @ 09:50 GMT
*SUP 1: 2.8053 Jul 6 Low
*SUP 2: 2.7757 200-DMA
*SUP 3: 2.7576/94 May29/30 Low
*SUP 4: 2.7014 38.2% 2.0144-3.1261
Momentum continues to build with the key resistance level at 2.90 now in sight
following recent gains. A close above resistance in this area would confirm the
resumption of the broader bullish trend, opening 2.5 month trendline resistance,
top of triangle at 2.9986. On the downside, bears continue to target the July 6
low at 2.8053, which has so far proved very difficult to overcome. Below here
the 200-dma is at 2.7757 ahead of the 38.2% retracement level at 2.7014.

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