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10-YEAR YIELD TECHS: On Verge Of Breaking........>

US
US: 10-YEAR YIELD TECHS: On Verge Of Breaking Higher
*RES 4: 3.2206 July 2011 high
*RES 3: 3.1261 High May 18
*RES 2: 3.0139 High Aug 1
*RES 1: 2.9579 Triangle top from May high
*PRICE: 2.9553 @ 10:23 GMT, 11 Sep
*SUP 1: 2.9211 100-DMA
*SUP 2: 2.8608 50.0% 2.8063-2.9189
*SUP 3: 2.8296 Aug 31 low
*SUP 4: 2.8169 Triangle bottom from April low
The push higher beginning with Aug 31's daily bullish reversal has propelled the
10-Yr yield to currently test the triangle top at 2.9579. Given little
short-term resistance above there, a break would encourage bulls to look for a
further move to big round numbers (3.0000 first up) and well into the 3.000s,
beginning with the Aug 1 high of 3.0139. The 2.9000-2.9200 area, formerly
resistance, now forms immediate support.

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