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10-YEAR YIELD TECHS: Still Hovering Under 2.90...>

US
US: 10-YEAR YIELD TECHS: Still Hovering Under 2.90
*RES 4: 3.1261 High May 18
*RES 3: 3.0139 High Aug 1
*RES 2: 2.9640 Triangle top from May high
*RES 1: 2.9228 Aug 6 Low, Support-Turned-Resistance
*PRICE: 2.8949 @ 10:22 GMT
*SUP 1: 2.8408 61.8% 2.8063-2.8967
*SUP 2: 2.8296 Aug 31 low
*SUP 3: 2.8169 Triangle bottom from April low
*SUP 4: 2.7887 200-DMA
The yield remains just below a cluster of resistance at 2.90 (which includes the
100-DMA at 2.9191) despite a brief failed test Wednesday. For the medium-term
bullish outlook to remain intact, the yield needs to break through that area,
with a more important test to come at the triangle top at 2.9228. Looking
intraday, there is some support at 50-DMA at 2.8853, but the medium-term bearish
thesis would require a decisive break of support the triangle bottom at 2.8169.
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