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US 10-YEAR YIELD TECHS: Rally...........>

US TSYS/10Y
US TSYS/10Y: US 10-YEAR YIELD TECHS: Rally Resuming?
*RES 4: 3.6132 High April 2011 
*RES 3: 3.3956 Apr 5 2011 low, now resistance 
*RES 2: 3.3000 Channel top 
*RES 1: 3.2594 High Oct 9 
*PRICE: 3.1708 @ 06:08 GMT, Oct 16 
*SUP 1: 3.1261 May 18 high, now support 
*SUP 2: 3.1109 21-dma 
*SUP 3: 3.0139 Aug 1 high, now support 
*SUP 4: 2.9794 61.8% 2.8063-3.2594 
After holding support at the May 18 highs last week upside momentum looks to be
returning to US 10-year yields, with the Oct 9 high at 3.2594 coming back into
focus. Above here would target the channel top at 3.30. Bears need to break
below the May 18 high at 3.1261, just ahead of short-term up trendline support
at 3.1309 and the 21-dma. Below here gives bears the near-term edge allowing a
challenge of the Aug 1 high at 3.0139.

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