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10-YEAR YIELD TECHS: Shows Below 3.0% *RES 3:....>

US
US: 10-YEAR YIELD TECHS: Shows Below 3.0%
*RES 3: 3.3010 Channel top from Dec 2016 high 
*RES 2: 3.2594 Oct 9 High 
*RES 1: 3.1255 50-dma 
*PRICE: 3.0225 @ 16:25 GMT, Nov 29 
*SUP 1: 3.0132 100-dma 
*SUP 2: 3.0000 Up trendline support from Sep 2017 lows 
*SUP 3: 2.9553 200-dma 
Yields showed below the 100-dma for the first time since early September and
below 3.0% for the first time since mid-September Thursday, with yields slipping
across the curve on Powell's speech late Wednesday. This triggers the double top
formation targeting a move down to 2.85. A close below the 100-dma at 3.0133 and
below up trendline support from the Sep 2017 lows at 3.0046 will strengthen the
case for another leg lower. Those looking for a recovery in yields need to
target the 50-dma at 3.1255 to reverse the recent technical damage. 

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