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MNI: US 10-YEAR YIELD TECHS: Failed Test Of 2.90%....>

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MNI: US 10-YEAR YIELD TECHS: Failed Test Of 2.90% Resistance
*RES 4: 3.0540 - 18-Year Monthly chart Trendline
*RES 3: 2.9886 - 2.5 month trendline resistance, top of triangle
*RES 2: 2.9237 - Aug 6 Low, Support-Turned-Resistance
*RES 1: 2.8987 - Beginning of 2.90 resistance area  
*PRICE: 2.8479 @ 18:26 GMT
*SUP 1: 2.8289 - Low Jul 19
*SUP 2: 2.8053 - Low Jul 6
*SUP 3: 2.7594 - Low May 30
*SUP 4: 2.7510 - 200-dma
The 10Y yield has failed to break through resistance at 2.90, suggesting that
downside support may soon be tested. Next support levels lie at the Jul19 low of
2.8289 ahead of the multi-month Jul6 low at 2.8053. A break below here will be
required before any test on the 200-dma at 2.7510. For any medium-term recovery
back above 3.0, resistance begins to build around the 2.90 level before any test
on the Aug6 low, support-turned-resistance at 2.8987

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