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10-YEAR YIELD TECHS: Narrow Range *RES 4:........>

US
US: 10-YEAR YIELD TECHS: Narrow Range
*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: 3.0688 @09:42 GMT, Oct 3
*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: 2.9331 100-DMA
The bullish trend in US 10-year yields remains intact with consolidation above
the Aug 1 high pointing to a continuation of the rally. Bulls target 3.0907/30
which represents the 76.4% retracement & Oct 1 high, above here opens the May 18
high at 3.1261. Bears need a break of 3.0139 to shift focus to the downside,
opening the 50% retracement & triangle top off May highs at 2.9588/2.9465.

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