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10-YR YIELD TECHS: 2.859 Resistance Key This.....>

US
US: 10-YR YIELD TECHS: 2.859 Resistance Key This Week
*RES 4: 2.936 - High Feb 21 
*RES 3: 2.889 - High Mar 22 
*RES 2: 2.859 - High Mar 27 
*RES 1: 2.838 - High Apr 5
*PRICE: 2.797 @ 0430GMT
*SUP 1: 2.768 - Low Apr 6 
*SUP 2: 2.748 - Low Apr 4 
*SUP 3: 2.717 - Low Apr 2 
*SUP 4: 2.648 - Monthly Low Feb 6
*COMMENTARY: Bulls failed to capitalise on the marginal close above 21 (2.821) &
55 (2.814) DMAs with the sell-off Friday leaving the Yield looking offered and
retaining initial focus on 2.717. Bears look for a close below this level to
reconfirm focus on 2.585-648 where the 100-DMA is noted. The 2.859 resistance is
key this week with bulls needing a close above to shift initial focus to tests
of 2018 highs. Correcting O/S studies are a concern for bears.

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