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.