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10-YEAR YIELD TECHS: Re-Testing 2.90 *RES 4:.....>

US
US: 10-YEAR YIELD TECHS: Re-Testing 2.90
*RES 4: 3.0540 18-Year Monthly chart Trendline
*RES 3: 2.9551 3.5 month trendline resistance, top of triangle
*RES 2: 2.9237 Aug 6 Low, Support-Turned-Resistance
*RES 1: 2.9000 Beginning of 2.90 resistance area
*PRICE: 2.9022 @ 16:38 GMT
*SUP 1: 2.8296 Aug 31 low
*SUP 2: 2.8133 5-month trendline support, bottom of triangle
*SUP 3: 2.8053 Jul 6 Low
*SUP 4: 2.7859 200-DMA
Bulls continue to test a cluster of resistance beginning at 2.9022, with an
immediate move higher dependent on a break of the 100-DMA at 2.9185, then
pivotal resistance at 2.9237. The ability to overcome these hurdles in the
coming days would turn the technical picture towards higher yields. The uptrend
will only be reversed in bears' favour upon a decisive break lower through
5-month trendline support which currently comes in at 2.8170.

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