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10-YEAR YIELD TECHS: Still Looking For 2.80......>

US
US: 10-YEAR YIELD TECHS: Still Looking For 2.80
*RES 4: 3.0027/0038 50% 3.2594-2.7459/100-dma
*RES 3: 2.9535 200-dma
*RES 2: 2.8985 Hourly resistance Dec 14
*RES 1: 2.8613/8969 38.2%/50% of Dec range 3.0479-2.7459
*PRICE: 2.7666 @ 11:09 GMT, Dec 28
*SUP 1: 2.7459 Dec 20 low
*SUP 2: 2.7153 April 2 low
*SUP 3: 2.6459 Feb 6 low
*SUP 4: 2.6369 50% 2.0144-3.2594
Despite rallying above the 2.80 level, the US 10-year failed to build on gains
with a retracement to 2.7884. Bears need to clear broken trendline support at
2.7754 before challenging the Dec 20 low. Below here opens the Feb 6 low & 50%
retracement level at 2.6459/2.6369. Bulls need to recover the 50% retracement
level of Dec range to improve the short-term outlook. A break of the 200-dma
would reignite the uptrend opening a run at the 3.0 level and 100-dma at 3.0038.

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