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TECHS: Looking For Direction *RES 4:....>

US TSYS/10Y
US TSYS/10Y: TECHS: Looking For Direction
*RES 4: 3.0540 - 18-Year Monthly chart Trendline 
*RES 3: 2.9886 - 2+ 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: 2.8623 @ 04:54 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: 2.7584 - 200-DMA 
Up trendline support from the May 31 low has been eroded but downside follow
through has waned. Bears need to break below 2.8406 to open the 200-dma,
currently at 2.7584 and suggest a major topping pattern is in place. Bulls need
to break back above the 2.90 resistance area to bring into play the top of the
triangle formation which currently comes in at 2.9886. 

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