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10-YEAR YIELD TECHS: Renewed Test Of 2.90 *RES...>

US
US: 10-YEAR YIELD TECHS: Renewed Test Of 2.90
*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: 2.8949 @ 10:15 GMT
*SUP 1: 2.8296 Aug 31 low
*SUP 2: 2.8053 Jul 6 Low
*SUP 3: 2.7833 200-DMA
*SUP 4: 2.7576/94 May 29/30 Low
US 10-year yields have rebounded ahead of major up trendline support generating
a bullish reversal pattern on daily charts. A confirmed break above 50-DMA at
2.8844 returns the focus to the 2.90 area and the pivotal resistance at 2.9237.
The ability to overcome these hurdles in the coming days would turn the
technical picture towards higher yields. Holding above the 2.8296 end of August
lows maintains the bottom formation.

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