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

US
US: 10-YR YIELD TECHS: Bears Need Close Below 2.847
*RES 4: 2.950 - High June 21 
*RES 3: 2.935 - Hourly resistance June 21 
*RES 2: 2.900 - High June 26 
*RES 1: 2.894 - 100-DMA
*PRICE: 2.889 @ 0330GMT
*SUP 1: 2.884 - High July 3 now support 
*SUP 2: 2.847 - Low July 17 
*SUP 3: 2.823 - Low July 16 
*SUP 4: 2.807 - Low July 6
*COMMENTARY: Support emerging ahead of 2.807 has provided the base for a move
that sees bulls looking for a close above 2.884 to gain breathing room and above
2.950 to confirm breaks of 21, 55 & 100-DMAs and pressure the key 3.014-050
resistance region. Immediate pressure is now on the 100-DMA. Bears now look for
a close below 2.847 to reconfirm pressure on 2.807 and maintain focus on
2.717-759.

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