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10-YR YIELD TECHS: Bulls Focused On 2.629-692....>

US
US: 10-YR YIELD TECHS: Bulls Focused On 2.629-692
*RES 4: 2.692 - Monthly High July 3 2014 
*RES 3: 2.641 - 2016 High Dec 15 
*RES 2: 2.629 - 2017 High Mar 13 
*RES 1: 2.558 - Low Mar 9
*PRICE: 2.551 @ 0530GMT
*SUP 1: 2.531 - Hourly support Jan 9 
*SUP 2: 2.504 - High Dec 21 now support 
*SUP 3: 2.462 - Low Jan 8 
*SUP 4: 2.443 - 21-DMA
*COMMENTARY: Bulls take comfort in support ahead of the 21-DMA providing a
bounce to start the new year with the close above the weekly bear channel top
(2.529) adding support to the case for a move now initially targeting 2.629-692
where yearly and monthly highs are situated. Daily studies have room to move
before O/B becomes an issue. Bears now look for a close below 2.504 to gain
breathing room and hint at a correction back to the 21-DMA.

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