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YIELD TECHS: Bears Continue To Target...>

US TSYS/10Y
US TSYS/10Y: YIELD TECHS: Bears Continue To Target A Close Below 2.40% 
*RES 4: 2.6410 50% retracement of 2.7968-2.4852 
*RES 3: 2.6121 High Apr 17 
*RES 2: 2.5739/5369 High May 3/55-dma 
*RES 1: 2.4887 High May 8 
*PRICE: 2.4104 @ 05:48 GMT May 15
*SUP 1: 2.3870 Low May 13 
*SUP 2: 2.3384 Low March 28 
*SUP 3: 2.3000 Support 
*SUP 4: 2.2500 Channel bottom 
US yields remain above the 2.40 but rallies have been shallow keeping the focus
on this level. A close below here would extend the downtrend to the March 28 ytd
low at 2.3384. Below here would open a run at the 2.30 handle. To regain the
upper hand bulls need to recover Wednesday's high at 2.4887 and the 55-dma/May 3
high at 2.5369/5739. Above here would open the April 17 high at 2.6121.

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