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YIELD TECHS: Bears Target Thursday's....>

US TSYS/10Y
US TSYS/10Y: YIELD TECHS: Bears Target Thursday's Low 
*RES 4: 2.4949 55-dma 
*RES 3: 2.4887 High May 8 
*RES 2: 2.4388/4402 High May 21/21-dma 
*RES 1: 2.3838 High May 23 
*PRICE: 2.3202 @ Close May 24 
*SUP 1: 2.2904/2887 Low May 23/50% retracement of 1.3180-3.2594 
*SUP 2: 2.1948 Channel bottom 
*SUP 3: 2.0596 61.8% retracement 
*SUP 4: 2.0144 Low Sep 8, 2017 
US yields remain locked in their downtrend with bears targeting Thursday's low
at 2.2904 ahead of the 50% retracement of 1.3180-3.2594 at 2.2887. A break below
here would put the focus on the channel bottom down at 2.1948 ahead of the 61.8%
retracement at 2.0596. Bulls need to recover Thursday's high at 2.3838 to
stabilise the outlook while a break back above the May 21 high and 21-dma at
2.4388/4402 would raise the prospect of an upside reversal.

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