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US
US: 10-YEAR YIELD TECHS: Under Renewed Pressure
*RES 4: 3.0831 50-dma
*RES 3: 3.0414 50% 3.2594-2.8234
*RES 2: 3.0175 100-dma
*RES 1: 2.9569 200-dma
*PRICE: 2.8660 @ 16:35 GMT, Dec 17
*SUP 1: 2.8234 Dec 10 low
*SUP 2: 2.8063 Aug 22 low, top bottom target
*SUP 3: 2.7838 38.2% 2.0144-3.2594
*SUP 4: 2.7594 Low May 30
The US 10-Yr encountered renewed selling pressure, led by sharp falls in the
dollar. Bears initial downside target comes in at the Dec 10 low of 2.8234, a
break opens a deeper correction toward the Aug 22 low at 2.8063. Below here
triggers a large topping pattern, shifting the bigger picture outlook deeper
into negative territory. Topside focus remains on the 200-dma at 2.9569, a break
above here would reignite the bullish trend opening the 3.0 level.

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