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10-YEAR YIELD TECHS: Range Narrows *RES 3:.......>

US
US: 10-YEAR YIELD TECHS: Range Narrows
*RES 3: 2.9433 200-dma
*RES 2: 2.9003/2.9167 50% 3.2594-2.5412/Dec 13 2018 high
*RES 1: 2.7968/2.8156 Jan 18 high/38.2% of 3.2594-2.5412
*PRICE: 2.7368 @ 16:05 GMT, Jan 28
*SUP 1: 2.7127 21-dma
*SUP 2: 2.6991/2.6691 38.2%/50% 2.5412-2.7968
*SUP 3: 2.5412/2.5206 Jan 4 low/Jan 16 2018 low
Yields started the week trading in the top half of the range seen Friday, where
the 21-dma provided some support to keep the outlook neutral. For yields to move
higher from here, the Jan 18 high and 38.2% retracement of 3.2594-2.5412 provide
the next level of yield resistance at 2.7968/2.8156. Above here would extend
gains towards the 50% retracement of 3.2594-2.5412 and the Dec 13 2018 high at
2.9003/2.9167. For yields to move lower, they must see a close below the 21-dma
- a move which would shift the outlook for yields negative, opening the Jan 14
low at 2.6579. Below here, a potential return to the Jan 4 low at 2.5412.

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