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10-YR YIELD TECHS: 2.228-229 Support Key *RES....>

US
US: 10-YR YIELD TECHS: 2.228-229 Support Key
*RES 4: 2.366 - High July 13
*RES 3: 2.354 - Daily Bear channel top
*RES 2: 2.337 - Hourly resistance July 14
*RES 1: 2.313 - 21-DMA
*PRICE: 2.301 @ 0430GMT
*SUP 1: 2.285 - Hourly support July 31 
*SUP 2: 2.273 - Low July 31 
*SUP 3: 2.249 - 55-DMA 
*SUP 4: 2.241 - Hourly support July 24
*COMMENTARY: The rejection around 2.337 last week left the yield looking heavy
and immediate focus on 2.228-229 where the 200-WMA is situated. Bears look for a
close below the 200-WMA to confirm focus back on the 2.103 2017 low and below
2.103 to target 1.879. Layers of resistance remain with bulls needing a close
above 2.337 to see pressure back on 2.354-396 where the bear channel top and
July highs are located.

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