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US: US 10-YR YIELD TECHS: Lacking Topside Follow Through
*RES 4: 3.168 - Weekly Bull channel top
*RES 3: 3.073 - Low July 6 2011 now resistance
*RES 2: 3.041 - 2014 High Jan 2
*RES 1: 2.990 - Hourly resistance Apr 23
*PRICE: 2.962 @ 0320GMT
*SUP 1: 2.925 - Hourly support Apr 20
*SUP 2: 2.904 - Low Apr 20
*SUP 3: 2.876 - High Apr 18 now support
*SUP 4: 2.862 - Low Apr 19
*COMMENTARY: The lack of topside follow through is a concern for bulls when
combined with daily studies looking to correct from O/B and the proximity of the
Bollinger band top (2.963). Bears need a close below 2.962 today to ease bullish
pressure and below 2.876 to shift initial focus back to 2.814. Below 2.814 is
needed to end bullish hopes and initially target 2.694-748. Until a close below
2.962 is seen bulls focus on 3.041-073 where 2014 highs are situated.