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10-YR YIELD TECHS: 3.030-050 Resistance Key......>

US
US: 10-YR YIELD TECHS: 3.030-050 Resistance Key This Week
*RES 4: 3.050 - Low May 22 
*RES 3: 3.030 - Hourly resistance May 23 
*RES 2: 2.991 - 21-DMA 
*RES 1: 2.955 - Low May 24 now resistance
*PRICE: 2.935 @ 0430GMT
*SUP 1: 2.906 - 55-DMA 
*SUP 2: 2.904 - Low Apr 20 
*SUP 3: 2.876 - High Apr 18 now support 
*SUP 4: 2.831 - 100-DMA
*COMMENTARY: Bears take comfort in closes below the 21-DMA confirming a shift in
focus to 2.876-906 where the 55-DMA is located. Correcting O/B studies added
weight to the bearish case last week. Bulls need a close above 3.030 to gain
breathing room and above 3.050 to shift immediate focus back to 3.084-155 where
2018 highs and the bull channel top are situated. Bears look for a close below
2.876 to target 2.717 Apr lows.

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