US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS AND WEEKLY FORECAST – 05 MAY 2023
US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS: WEEKLY CHART
In the weekly chart, US 30 YR. T-BOND is trading in up channel.
US 30 YR. T-BOND is currently trading below 5&50 SMA.
RSI is in buying zone, which shows bullishness. Stochastic is suggesting no trend.
Its immediate support is at 129.81 & the resistance is at 131.06
U.S. 30-Year T-Bond Price was rising and broke past the resistance zone, but it couldn’t stay above the level of resistance, so it turned around. The price is currently in a zone of support; if it breaks it, more decline is expected.
US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS: DAILY CHART
In the daily chart, US 30 YR. T-BOND is trading in down channel.
US 30 YR. T-BOND is currently trading below all SMA.
RSI is in buying zone, which shows bullishness & stochastic is suggesting down trend.
US 30 YR. T- BOND immediate support is at 129.65 & resistance is at 130.96
U.S. 30-Year T-Bond Price was rising and broke past the resistance zone, but it couldn’t stay above the level of resistance, so it turned around. The price is currently in a zone of support; if it breaks it, more decline is expected.