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TECHS: Retest Of 3.0% Looks Likely......>

US TSYS/10Y
US TSYS/10Y: TECHS: Retest Of 3.0% Looks Likely
*RES 4: 3.0840 - High May 21 
*RES 3: 3.0330 - High Apr 25 
*RES 2: 3.0140 - High Aug 1 
*RES 1: 2.9950 - High Aug 3 
*PRICE: 2.9674 @ 05:50 GMT 
*SUP 1: 2.9221 - Low August 6 
*SUP 2: 2.9020 - Hourly resistance July 23 now support 
*SUP 3: 2.8968 - Former resistance July 20 
*SUP 4: 2.8950 - Former resistance July 19 
US 10-year yields have bounced strongly off their 55-and-21-DMAs and a retest of
3.0% seems likely. Bulls would need to overcome the August 1 high of 3.0140% to
reignite the bullish picture. On the downside, a break below yesterday's low of
2.9221 would likely reaffirm the bearish trend, while a move below 2.9020% risks
yields slipping into a lower trading range.

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