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10-YR YIELD TECHS: Bounces From 21-DMA *RES 4:...>

US
US: 10-YR YIELD TECHS: Bounces From 21-DMA
*RES 4: 2.912 - High Jan 15 2014 
*RES 3: 2.885 - 2018 High Feb 6 
*RES 2: 2.820 - Hourly support Feb 2 now resistance 
*RES 1: 2.807 - High Feb 6
*PRICE: 2.785 @ 0530GMT
*SUP 1: 2.741 - Hourly support Feb 6 
*SUP 2: 2.691 - Hourly support Feb 6a 
*SUP 3: 2.662 - 21-DMA 
*SUP 4: 2.609 - Low Jan 24
*COMMENTARY: Bulls take comfort in the recovery from the sell-off with the yield
bouncing from around the 21-DMA. Bears continue to look for a close below 2.585
to confirm a break of the 21-DMA and shift focus to 2.489-522 where the 55-DMA
(2.500) and bull channel base are situated. The recovery sees focus back on
2.820 with bulls needing a close above 2.820 to shift initial focus back to
2.885-912 and overall focus to 3.041.

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