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YIELD TECHS: July Lows Hold For Now ....>

US TSYS/10Y
US TSYS/10Y: YIELD TECHS: July Lows Hold For Now 
*RES 4: 3.0540 18-Year Monthly chart Trendline 
*RES 3: 2.9886 2.5 month trendline resistance, top of triangle 
*RES 2: 2.9237 Aug 6 Low, Support-Turned-Resistance 
*RES 1: 2.8987 Beginning of 2.90 resistance area 
*PRICE: 2.8441 @ 0626 GMT 
*SUP 1: 2.8053 Jul 6 Low 
*SUP 2: 2.7731 200-DMA 
*SUP 3: 2.7576/94 May29/30 Low 
*SUP 4: 2.7014 38.2% 2.0144-3.1261 
The failure to break below the July 6 low and the subsequent rally above
Friday's high has shifted the focus back to neutral for 10-year yields. Bulls
need to take out a confluence of resistance levels in the 2.90% area to hint at
a resumption of the broader bullish trend. Bears continue to target the July 6
lows ahead of the 200-dma at 2.7731.

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