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YIELD TECHS: Downtrend Extends *RES.....>

US TSYS/10Y
US TSYS/10Y: YIELD TECHS: Downtrend Extends
*RES 4: 2.4949 55-dma 
*RES 3: 2.4887 High May 8 
*RES 2: 2.4388/4403 High May 21/21-dma 
*RES 1: 2.3838 High May 23
*PRICE: 2.3238 @ 05:06 GMT 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 extended their downtrend through the 2.30 handle yesterday falling
just shy of the 50% retracement of 1.3180-3.2594. 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 yesterday's high at 2.3838 to stabilise the
outlook while a break back above the May 21 high and 21-dma at 2.4388/4403 
would raise the prospect of an upside reversal.

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