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YIELD TECHS: Basing Pattern *RES 4:.....>

US TSYS/10Y
US TSYS/10Y: YIELD TECHS: Basing Pattern
*RES 4: 2.5739 High May 3 
*RES 3: 2.5082 55-dma 
*RES 2: 2.4887 High May 8 
*RES 1: 2.4388 High May 21 
*PRICE: 2.4228 @ 02:27 GMT May 22 
*SUP 1: 2.3521 Low May 16 
*SUP 2: 2.3384 Low March 28 
*SUP 3: 2.3000 Support 
*SUP 4: 2.2400 Channel bottom 
US yields are showing signs of basing following yesterday's gains as bulls look
to take out 2.4388 to extend the recovery to the May 8 high at 2.4882. Above
here opens the 55-dma currently at 2.5082 ahead of the May 3 high. Bears need to
take out the May 16 low at 2.3521 to bring the focus back to the March 28 ytd
low at 2.3384. Below here would open a run at the 2.30 handle.

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