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10-YR YIELD TECHS: Hesitating Ahead Of 2014......>

US: 10-YR YIELD TECHS: Hesitating Ahead Of 2014 High
*RES 4: 3.073 - Low July 6 2011 now resistance 
*RES 3: 3.041 - 2014 High Jan 2 
*RES 2: 3.035 - 2018 High Apr 25 
*RES 1: 3.018 - Hourly support Apr 26 now resistance
*PRICE: 2.975 @ 0430GMT
*SUP 1: 2.957 - Low Apr 24 
*SUP 2: 2.925 - Hourly support Apr 20 
*SUP 3: 2.904 - Low Apr 20 
*SUP 4: 2.876 - High Apr 18 now support
*COMMENTARY: Hesitation ahead of 2014 highs & 3.041-073 is a concern given daily
studies correcting from O/B and the proximity of the Bollinger top (3.034). The
close below 3.007 buys bears breathing room and initially targets a correction
to 2.925-957. Below 2.925 is needed to shift initial focus back to 2.814-876
where 21 (2.858) & 55 (2.860) DMAs are situated. Bulls look for a close above
3.073 to shift focus 3.168-223 where the weekly bull channel top is noted.

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