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10-YR YIELD TECHS: 21-DMA Now Initial Support....>

US: 10-YR YIELD TECHS: 21-DMA Now Initial Support
*RES 4: 2.477 - Monthly High Oct 27 
*RES 3: 2.419 - Hourly support Oct 27 now resistance 
*RES 2: 2.405 - Bollinger band top 
*RES 1: 2.395 - High Nov 29
*PRICE: 2.379 @ 2030GMT
*SUP 1: 2.352 - 21-DMA 
*SUP 2: 2.310 - Low Nov 28 
*SUP 3: 2.305 - 200-DMA 
*SUP 4: 2.282 - 100-DMA
*COMMENTARY: Pressure on the 200-DMA failed to produce a break lower with bulls
taking comfort in the close above the 21-DMA that sees bullish focus return to
the 2.419 resistance. Bulls need a close above this level to shift initial focus
to tests of Oct highs. Bears now need a close below the 21-DMA to ease bullish
pressure and return focus to the 2.273-3.305 support region where 100 & 200-DMAs
are noted. Daily studies are better placed for leg higher than lower.

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