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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: 3.134 - Daily Bull channel top
*PRICE: 3.065 @ 0430GMT
*SUP 1: 3.058 - Low May 16 & 18 
*SUP 2: 3.011 - Hourly support May 15 
*SUP 3: 2.999 - 21-DMA 
*SUP 4: 2.937 - Low May 7
*COMMENTARY: The daily bull channel top continues to cap with bull currently
focused on 3.184-3.254 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 (3.103) also a concern. Bears 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
(2.897) is located.

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