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10-YEAR YIELD TECHS: Resuming Downtrend *RES.....>

US
US: 10-YEAR YIELD TECHS: Resuming Downtrend
*RES 4: 3.4508 Apr 18 2011 high
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.3000 Channel top from Dec 2016 high
*RES 1: 3.2594 Oct 9 High
*PRICE: 3.1012 @ 10:53 GMT, Nov 15
*SUP 1: 3.0482 Low Oct 3
*SUP 2: 3.0139 Aug 1 high, now support
*SUP 3: 2.9440 200-dma
*SUP 4: 2.8098 Low Aug 24
Up trendline support from the August lows gave way yesterday strengthening the
bearish case. Bears now look to close below the 38.2% retracement of
2.8063-3.2594 at 3.0864, before challenging the Oct 26 low at 3.0549. Below here
would suggest a double top in in progress, shifting the bigger picture outlook
bearish. Bulls need to break above the Oct 9 high at 3.2594 to reignite positive
momentum and open channel top resistance at 3.30.

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