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10-YEAR YIELD TECHS: Outlook Improves *RES 4:....>

US
US: 10-YEAR YIELD TECHS: Outlook Improves
*RES 4: 2.9397 200-dma
*RES 3: 2.9003/2.9167 50% 3.2594-2.5412/Dec 13 2018 high
*RES 3: 2.7968/2.8156 Jan 18 high/38.2% of 3.2594-2.5412
*RES 1: 2.7330 Jan 30 high
*PRICE: 2.7289 @ 15:56 GMT, Feb 4
*SUP 1: 2.6168 Jan 31 low
*SUP 2: 2.5412 Jan 4 YTD low
*SUP 3: 2.5206 Jan 16 2018 low
*SUP 4: 2.4900 61.8% 2.0144-3.2594
Yield bulls retained control for a second session, bidding yields to just a few
bps shy of the Wednesday high, arresting the decline seen following the Fed. The
21-dma is now back in focus and a break would open the Jan 18 high at 2.7968.
Above here opens a run at the 50% retracement level at 2.9003, ahead of the
200-dma at 2.9397. Bears need to overcome the Jan 31 low at 2.6168 to target the
Jan 4 ytd low at 2.5412. Below here would open the Jan 16 low at 2.5206.

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