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10-YR YIELD TECHS: Bears Focused On Apr Low......>

US
US: 10-YR YIELD TECHS: Bears Focused On Apr Low
*RES 4: 2.904 - 55-DMA 
*RES 3: 2.891 - Hourly resistance May 29a 
*RES 2: 2.828 - Hourly resistance May 29 
*RES 1: 2.797 - Hourly support May 29 now resistance
*PRICE: 2.788 @ 2130GMT
*SUP 1: 2.759 - Low May 29 
*SUP 2: 2.717 - Monthly Low Apr 2 
*SUP 3: 2.648 - Low Feb 6 
*SUP 4: 2.609 - Low Jan 24
*COMMENTARY: The correction lower from 2018 highs sees the yield having broken
below the 21-WMA (2.841) and bull channel base (2.867) off 2017 lows with
immediate focus now on the 2.717 Apr low. Daily studies have a little room to
move before O/S becomes an issue. Bulls now need a close above 2.922 to confirm
a break above the 55-DMA and ease bearish pressure with above 3.050 to shift
immediate focus back to 3.084-155.

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