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10-YEAR YIELD TECHS: Picking Up Momentum *RES....>

US
US: 10-YEAR YIELD TECHS: Picking Up Momentum
*RES 4: 3.0892 50-dma
*RES 3: 3.0414 50% 3.2594-2.8234
*RES 2: 3.0182 100-dma
*RES 1: 2.9565 200-dma
*PRICE: 2.8931 @ 14:55 GMT, Dec 14
*SUP 1: 2.8234 Dec 10 low
*SUP 2: 2.8063 Aug 22 low, top bottom target
*SUP 3: 2.7838 38.2% 2.0144-3.2594
*SUP 4: 2.7594 Low May 30
10-year yields extended the corrective pullback to 2.8679, before basing around
the 50% retracement level of the weekly range. Topside focus remains on the
200-dma which currently sits at 2.9564, a break above here would reignite the
bullish trend opening the 3.0 level and 100-dma at 3.0180. On the downside, a
break of 2.8230/35 opens a deeper correction toward the Aug 22 low at 2.8063.
Below here triggers a large topping pattern, shifting the outlook negative.

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