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

US
US: 10-YR YIELD TECHS: Bears Need Close Below 2.812
*RES 4: 3.030 - Hourly resistance May 23 
*RES 3: 2.996 - 21-DMA 
*RES 2: 2.955 - Low May 24 now resistance 
*RES 1: 2.906 - 55-DMA
*PRICE: 2.904 @ 0430GMT
*SUP 1: 2.876 - High Apr 18 now support, Bollinger band base 
*SUP 2: 2.835 - 100-DMA 
*SUP 3: 2.812 - Hourly support Apr 12 
*SUP 4: 2.717 - Monthly Low Apr 2
*COMMENTARY: The correction lower from 2018 highs now sees the yield trading
below the 55-DMA with immediate focus now on 2.812-835 where the 100-DMA is
located. Bears now look for a close below 2.812 to confirm a break of the
100-DMA and focus on tests of 2.717 Apr lows. Layers of resistance accumulating
are weighing with bulls needing a close above 2.955 to gain breathing room and
above 3.050 to shift immediate focus back to 3.084-155.

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