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10-YEAR YIELD TECHS: On Course For Close Below...>

US
US: 10-YEAR YIELD TECHS: On Course For Close Below 100-DMA
*RES 4: 3.3010 Channel top from Dec 2016 high
*RES 3: 3.2594 Oct 9 High
*RES 2: 3.1235 50-dma
*RES 1: 3.0150 100-dma
*PRICE: 3.0115 @ 16:33 GMT, Nov 30
*SUP 1: 3.0000 Up trendline support from Sep 2017 lows
*SUP 2: 2.9563 200-dma
*SUP 3: 2.8660 Up trendline support from April lows
*SUP 4: 2.8063 Aug22 Low
Yield bears remain in control on a close below the 100-dma at 3.0150 and a fall
through here would open up a more concerted test of the 3.0% level. Momentum
indicators remain yield bearish in the short- and medium-term, keeping the
downside an attractive prospect for now. A close below the 3.0% mark will be a
strong indicator of another leg lower, prompting downside targets to shift lower
to the 2.9563 200-dma.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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