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10Y YIELD TECHS: Uptrend Looking............>

US TSYS
US TSYS: 10Y YIELD TECHS: Uptrend Looking Exhausted
*RES 4: 3.6132 High April 2011
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.3000 Channel top
*RES 1: 3.2594 High Oct 9
*PRICE: 3.1668 @ 10:55 GMT, Oct 11
*SUP 1: 3.1261 May 18 high, now support
*SUP 2: 3.0844 21-dma
*SUP 3: 3.0139 Aug 1 high, now support
*SUP 4: 2.9683 61.8% 2.8063-3.2305
US 10-year yields pushed back below 3.2% yesterday as bears took control to
shift the focus to the May 18 high, now acting as support. Below here sits the
21-dma at 3.0844%, a break of which targets the Aug 1 high at 3.0139%. Bulls
need to recover 3.2% to shift the focus back to the upside and target
Wednesday's high at 3.2594%.

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