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MNI: US 10-YEAR YIELD TECHS: Fails to Break 2.90%....>

MNI: US 10-YEAR YIELD TECHS: Fails to Break 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: 2.8533 @ 17:01 GMT
*SUP 1: 2.8406 - Trendline support, bottom of triangle
*SUP 2: 2.8353 - Low Aug 15
*SUP 3: 2.8053 - Low Jul 6
*SUP 4: 2.7678 - 200-DMA
The bounce off trendline support at 2.8353 Wednesday failed to challenge
resistance at 2.90, with the reversal consolidating either side of 2.86. Upon a
decisive move through 2.90-2.91, the next level to watch is the top of the
triangle formation which currently comes in at 2.9886. Conversely, next major
support is at the uptrend coming in at 2.8406, below here opens the 200-dma,
currently at 2.7678

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