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10-YEAR YIELDS: Holds Recent Range *RES 3:.......>

US
US: 10-YEAR YIELDS: Holds Recent Range
*RES 3: 3.3038 Channel top from Dec 2016 high
*RES 2: 3.2594 Oct 9 High
*RES 1: 3.1206 50-dma
*PRICE: 3.0663 @ 16:34 GMT, Nov 26
*SUP 1: 3.0240 Sep 28 low
*SUP 2: 3.0145/0068 Up trendline support from Sep 2017 lows/100-dma
*SUP 3: 2.9524 200-dma
10-year yields paused for breath Monday having spent the past week consolidating
between the 50% and 38.2% retracements from the August lows to September highs
at 3.0329-3.0864. The short-term downtrend is beginning to approach the
medium-term uptrend. Having today broken back below last Monday's low the double
top formation is still in play which targets a move down to 2.85. Ahead of here
lies the Sep 28 low at 3.0240. Bulls need to break back above the 50-dma at
3.1206 to return the focus to the upside and target the cycle highs at 3.2594
seen on Oct 9.

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