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10-YR YIELD TECHS: Bears Need Close Below........>

US
US: 10-YR YIELD TECHS: Bears Need Close Below 3.058
*RES 4: 3.249 - High May 12 2011 
*RES 3: 3.223 - Monthly High July 1 2011 
*RES 2: 3.184 - High July 8 2011 
*RES 1: 3.128 - Daily Bull channel top
*PRICE: 3.124 @ 0430GMT
*SUP 1: 3.087 - Low May 17 
*SUP 2: 3.058 - Low May 16 
*SUP 3: 3.011 - Hourly support May 15 
*SUP 4: 2.996 - 21-DMA
*COMMENTARY: Repeated fresh 2018 & 7yr highs continue with bulls initially
focused on 3.184-3.249 where channel tops and July 2011 monthly high are
situated. Daily studies approaching O/B is less than ideal for bulls with the
Bollinger top (3.110) also a concern. Bears now look for a close below 3.058 to
gain breathing room and below 3.011 to shift focus back to 2.876-937 where the
55-DMA (2.894) is located.

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