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US 10-YEAR YIELD TECHS: 2.90 The........>

US TSYS/10Y
US TSYS/10Y: US 10-YEAR YIELD TECHS: 2.90 The Target
*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: 2.8731 @ 1619 GMT
*SUP 1: 2.8053 Jul 6 Low
*SUP 2: 2.7731 200-DMA
*SUP 3: 2.7576/94 May29/30 Low
The rally through Friday's high on Monday opened a move toward 2.90 resistance,
which followed through Tuesday to top out at 2.8840. This is edging the
short-term outlook towards positive, but confirmation is needed. Bulls will need
to take out a confluence of resistance levels in the 2.90 area to hint at a
resumption of the broader bullish trend. Bears continue to target the July 6 low
at 2.8053, below here the 200-dma is at 2.7731 ahead of the 38.2% retracement
level at 2.7014.

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