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

US
US: 10-YEAR YIELD TECHS: Outlook Neutral
*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: 2.8495 @ 09:40 GMT
*SUP 1: 2.8053 Jul 6 Low
*SUP 2: 2.7731 200-DMA
*SUP 3: 2.7576/94 May29/30 Low
*SUP 4: 2.7014 38.2% 2.0144-3.1261
The subsequent rally above Friday's high to 2.8586 has shifted the short-term
outlook back to neutral for 10-year yields. Bulls need to take out a confluence
of resistance levels in the 2.90 area to hint at a resumption of the broader
bullish trend. Bears continue to target the July 6 low at 2.8053, below here the
200-dma is at 2.7731 ahead of the 38.2% retracement level at 2.7014.

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