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10-YEAR YIELD TECHS: Trendline Resistance *RES...>

US
US: 10-YEAR YIELD TECHS: Trendline Resistance
*RES 5: 2.9222        200-dma
*RES 4: 2.9003/2.9167 50% 3.2594-2.5412/Dec 13 2018 high
*RES 3: 2.7968/2.8156 Jan 18 high/38.2% of 3.2594-2.5412
*RES 2: 2.7310/78     50-dma/Feb 5 high
*RES 1: 2.6997        Down trendline res off Jan 23 high
*PRICE: 2.6590        @ 10:45 GMT, Feb 21
*SUP 1: 2.6168        Jan 31 low
*SUP 2: 2.5412        Jan 4 YTD low
*SUP 3: 2.5206        Jan 16 2018 low
*SUP 4: 2.4900        61.8% 2.0144-3.2594
10-year yields held short term uptrend support from the Jan 4 low, allowing
bulls to focus on down trendline resistance from the Jan 18 highs. For a bullish
reversal we would need to see a break of the Feb 13 high at 2.7129. Above here
would bring the Jan 18 high at 2.7968 into play. Downside focus remains on the
Jan 31 low at 2.6168, a break opens a run at the Jan 4 ytd low at 2.5412.

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