US 30 Yr. T-Bond Price Technical Analysis

US 30 Yr. T-Bond Price Technical Analysis

Technical Analysis of US 30 YR. T-BOND

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

In the weekly chart, US 30 YR. T-BOND is trading in the down channel. Currently, it is moving below 20 & 50 SMA.

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

Its immediate support is at 129.46 & the resistance is at 130.23

US 30 YR. T-Bond currently trading in the down channel but as we can see it has started moving up by making a good bullish candle, breaking the previous week’s high, a trend reversal is possible 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. It is currently trading above all SMA.

RSI is in buying zone, which shows bullishness & stochastic is suggesting an uptrend.

US 30 YR. T- BOND immediate support is at 12.30 & resistance is at 130.01

US 30 YR. T-BOND can continue to trade upside if it sustains to trade upside and holds its current swing.

TRADE SUGGESTION – BUY AT 129.82, TAKE PROFIT AT 131.08, SL AT 128.70

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