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10-YR YIELD TECHS: 2.571 Support Now Key *RES....>

US
US: 10-YR YIELD TECHS: 2.571 Support Now Key
*RES 4: 2.748 - High Apr 22 2014 
*RES 3: 2.692 - Monthly High July 3 2014 
*RES 2: 2.672 - 2018 High Jan 22 
*RES 1: 2.639 - Hourly resistance Jan 23
*PRICE: 2.621 @ 0530GMT
*SUP 1: 2.611 - Low Jan 23 
*SUP 2: 2.585 - Low Jan 18 
*SUP 3: 2.571 - Hourly resistance Jan 17 now support 
*SUP 4: 2.541 - Hourly support Jan 17
*COMMENTARY: 2018 & 3+ year highs lacked follow through and remained capped
ahead of 2.692 with the sell-off leaving the yield looking a little offered. The
2.571 support remains key with bears needing a close below to hint at a
correction back to 2.489-523 where the 21-DMA (2.523) is noted. Very O/B daily
studies add weight to the case for a correction. Bulls need a close above 2.692
to confirm focus on 2.763-821 where the daily bull channel top is situated.

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