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10-YR YIELD TECHS: Bearish Key Day Reversal......>

US
US: 10-YR YIELD TECHS: Bearish Key Day Reversal
*RES 4: 2.801 - Alternating support/resistance 
*RES 3: 2.783 - Low Feb 2 now resistance 
*RES 2: 2.754 - Alternating support/resistance 
*RES 1: 2.704 - Hourly resistance Feb 6
*PRICE: 2.653 @ 0530GMT
*SUP 1: 2.643 - 21-DMA 
*SUP 2: 2.609 - Low Jan 24 
*SUP 3: 2.585 - Low Jan 18 
*SUP 4: 2.571 - Hourly resistance Jan 17 now support
*COMMENTARY: The rally that has defined 2018 looks to be in trouble with a
bearish key day reversal taking out a number of support layers. Bears now look
for a close below 2.585 to confirm a break of the 21-DMA and shift focus to
2.489-522 where the 55-DMA and bull channel base are situated. Correcting O/B
studies add weight to the bearish case. Bulls now need a close above 2.754 to
ease bearish pressure and above 2.820 to shift focus back to 2.885-912.

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