. US 30 YR. T-Bond Price And Technical Analysis - 16 January 2023

US 30 YR. T-BOND PRICE FORECAST & TECHNICAL ANALYSIS – 16 JANUARY 2023

US 30 YR. T-BOND PRICE FORECAST & TECHNICAL ANALYSIS – 16 JANUARY 2023

16 Jan 2023

US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In the weekly chart, US 30 YR. T-BOND is trading in down channel.

US 30 YR. T-BOND is currently trading above 5&20 SMA.

RSI is in buying zone, which shows bullishness. Stochastic is suggesting up trend.

Its immediate support is at 127.89 & the resistance is at 131.00

US 30 YR. T-Bond currently trading in down channel, but bullish engulfing is made which broke the previous week’s high and now further we can see a trend reversal to the upside.

US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS: DAILY CHART

In the daily chart, US 30 YR. T-BOND is trading in up channel.

 US 30 YR. T-BOND is currently trading above all SMA.

RSI is in buying zone, which shows bullishness & stochastic is suggesting up trend.

US 30 YR. T- BOND immediate support is at 129.31 & resistance is at 130.11

US 30 YR. T-BOND respected its previous important support as now we can see further upside movement.

TRADE SUGGESTION – BUY AT 130.11, TAKE PROFIT AT 131.11, SL AT 129.28