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MNI: US 10-YEAR YIELD TECHS: Resistance In 2.90......>

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MNI: US 10-YEAR YIELD TECHS: Resistance In 2.90 Area
*RES 4: 3.0540 - 18-Year Monthly chart Trendline
*RES 3: 3.0140 - High Aug 1
*RES 2: 2.9237 -  Aug 6 Low, Support-Turned-Resistance
*RES 1: 2.9000 - Psychological Resistance  
*PRICE: 2.8913 @ 18:05 GMT
*SUP 1: 2.8289 - Low Jul 19
*SUP 2: 2.8053 - Low Jul 6
*SUP 3: 2.7594 - Low May 30
*SUP 4: 2.7487 - 200-dma
With support around the 2.85 level erased Monday, yld bears eyed a decent break
toward the mid-July lows in the 2.8290's. The move's lack of momentum has seen
consolidation throughout the Tuesday session. Bears may still find conviction in
Monday's multi-week lows of 2.8461 after last week's pivotal support break,
keeping focus on the July lows of 2.8053. There remains significant resistance
beginning at 2.8987, and the 50 and 100-dma which now converge at 2.9050/2.9379

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