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10-YR YIELD TECHS: Looking A Little Heavy *RES...>

US
US: 10-YR YIELD TECHS: Looking A Little Heavy
*RES 4: 2.560 - Daily Bull channel top 
*RES 3: 2.558 - Low Mar 13 now resistance 
*RES 2: 2.544 - High Mar 17 
*RES 1: 2.477 - High Oct 25
*PRICE: 2.401 @ 0530GMT
*SUP 1: 2.394 - Hourly support Oct 24 
*SUP 2: 2.363 - Hourly support Oct 23 
*SUP 3: 2.357 - 21-DMA 
*SUP 4: 2.352 - High Oct 18 now support
*COMMENTARY: The lack of topside follow-through in the latter half of last week
is less than ideal for bulls with the Bollinger top (2.445) currently the key
concern. The 2.394 support remains key. Bears need a close below 2.394 to ease
bullish pressure and below the 21-DMA to initially pressure the 200-DMA (2.314)
and hint at a correction back to 2.251-278. Layers of resistance are starting
weigh with bulls needing a close above 2.445 to shift pressure back to 2.477.

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