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US 10-YEAR YIELD TECHS: 3.20 Level......>

US TSYS/10Y
US TSYS/10Y: US 10-YEAR YIELD TECHS: 3.20 Level Given Back
*RES 4: 3.6132 High April 2011 
*RES 3: 3.3956 Apr 5 2011 low, now resistance 
*RES 2: 3.3000 Channel top from Dec 2016 high  
*RES 1: 3.2594 High Oct 9 
*PRICE: 3.1788 @ 06:40 GMT, Oct 19 
*SUP 1: 3.1283/61 21-dma/May 18 high, now support 
*SUP 2: 3.1519 Channel base/23.6% 2.8063-3.2594 
*SUP 3: 3.0139 Aug 1 high, now support 
*SUP 4: 2.9794 61.8% 2.8063-3.2594 
The break back above 3.20 was short lived as the level gave way yesterday
allowing bears some breathing room. The bigger picture uptrend remains intact
through with the Oct 9 high at 3.2594 acting as resistance. A break above would
extend the uptrend towards the channel top at around 3.30. For a meaningful fall
in yields, the channel base at 3.1519 would need to be breached, opening a move
towards the 3.05 level, ahead of the Aug 1 high at 3.0139.

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