10-YEAR YIELDS: Tight Range Retained Despite.....>

US: 10-YEAR YIELDS: Tight Range Retained Despite Powell

*RES 3: 3.3051 Channel top from Dec 2016 high

*RES 2: 3.2594 Oct 9 High

*RES 1: 3.1232 50-dma

*PRICE: 3.0498 @ 17:30 GMT, Nov 28

*SUP 1: 3.0240 Sep 28 low

*SUP 2: 3.0046/90 Up trendline support from Sep 2017 lows/100-dma

*SUP 3: 2.9535 200-dma

Despite an injection of volatility courtesy of Fed Chair Powell's speech, 10y

yields failed to break out of the week's range, keeping the spring coiled and

the outlook poised to break out in either direction. Any fall through the 3.0299

level would be a good indicator of another leg lower, while yield bulls eye the

50-dma at 3.1232 for direction. Bears still need to see a break back below the

Sep 28 lows at 3.0240 to trigger the double top formation which would target a

move down to 2.85.