Over the past several days, buying interest has resumed in US 10-Year T-Notes, after it fell below its long-term uptrend channel median, as shown on the following monthly chart.
Major resistance lies around 134.00, the channel median. A rally and hold above that level could see serious buying push the price to the channel top, currently around 147.00.
Otherwise, failure to retake the median could see price drop down to major support around 121.00, the channel bottom.
Keep an eye on the Balance of Power and Momentum indicators for clues.