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10-YR YIELD TECHS: Focus On 2017 Low *RES 4:.....>

US
US: 10-YR YIELD TECHS: Focus On 2017 Low
*RES 4: 2.285 - Hourly support July 31 now resistance
*RES 3: 2.275 - Hourly resistance Aug 2
*RES 2: 2.251 - Hourly resistance Aug 3
*RES 1: 2.235 - Hourly support Aug 3 now resistance
*PRICE: 2.225 @ 0150GMT
*SUP 1: 2.200 - Bollinger band base 
*SUP 2: 2.177 - High June 21 now support 
*SUP 3: 2.121 - Low June 26 
*SUP 4: 2.103 - 2017 Low June 14
*COMMENTARY: Failure to trouble 2.285 leaves the yield looking heavy having
closed below the 2.229 support and 200-WMA (2.228) with bears focused on tests
of 2017 lows. Layers of resistance are accumulating with bulls needing a close
above 2.251 to gain breathing room and confirm a break above the 55-DMA (2.245).
Overall a close above the 200-DMA (2.309) is now needed to shift focus back to
2.337 and then 2.346-396 where the bear channel top and July highs are located.

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