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10-YEAR YIELD TECHS: Testing 2.90 Resistance.....>

US
US: 10-YEAR YIELD TECHS: Testing 2.90 Resistance Area
*RES 4: 3.0540 - 18-Year Monthly chart Trendline
*RES 3: 3.0140 - High Aug 1
*RES 2: 2.9237 - Aug 6 Low, Support-Turned-Resistance
*RES 1: 2.8987 - Beginning of 2.90 resistance area
*PRICE: 2.8949 @ 10:14 GMT
*SUP 1: 2.8495 - Trendline support
*SUP 2: 2.8289 - Low Jul 19
*SUP 3: 2.8053 - Low Jul 6
*SUP 4: 2.7594 - Low May 30
The 10-year yield has rebounded from lows set Friday/Monday and is now testing
resistance in the 2.90 area, beginning at 2.8987, and including the 50 and
100-dma which now converge at 2.9070/92. A move through these sets up further
increases to 2.9237 which represents the Aug 6 intraday low and
support-turned-resistance. Major support on a downside move comes in at 2.8495.

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