30-year Treasury Bond threatens 132-12/23 key resistance level; 30-year bond yield forms a double top, going lower
- T-bond
found support near the 6-year bull trendline at 127-23 before recovering higher
- The strong recovery is threatening the key 135-12/135-23 resistance area near the 200-wk moving
average
- Strengthening
indicators suggest that scope for an upside range breakout is possible.
- 30-year
Treasury yields confirmed a double top at 3.940/3.976 on the break below
2.532.
- Bearish
indicators suggest further weakness remains possible towards 3.492 then
3.250 area.
No comments:
Post a Comment