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TECHS: Testing Trendline Support *RES...>

US TSYS/10Y
US TSYS/10Y: TECHS: Testing Trendline Support
*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: 2.8605 @ 18:00 GMT
*SUP 1: 2.8495 - Trendline support
*SUP 2: 2.8289 - Low Jul 19
*SUP 3: 2.8053 - Low Jul 6
*SUP 4: 2.7594 - Low May 30
Ylds have continued to press lower following the bearish break through pivotal
support at 2.9264/2.9221. This puts the focus on the major up trendline support,
which currently intervenes at 2.8495. A move below here confirms the bearish
chart formation & leaves the way open to target the Jul low at 2.8053. The 50
and 100-dma converge at 2.9082/84 to form initial resistance ahead of the 2.9221
level, which would have to be recaptured to stabilise the near-term outlook.

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