. US 30 YR. T-Bond Price Technical Analysis & Weekly Forecast

US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS AND WEEKLY FORECAST – 01 MAY 2023

US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS AND WEEKLY FORECAST – 01 MAY 2023

01 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 above all SMA.

RSI is in buying zone, which shows bullishness. Stochastic is suggesting no trend.

Its immediate support is at 130.10 & the resistance is at 131.60

US 30 YR. T-Bond Price was increasing but failed to break through the resistance zone; as a result, price reversed and is currently rising once more to break through the resistance zone. If price succeeds to break resistance zone, we should expect 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 131.18 & resistance is at 131.80

US 30 YR. T-Bond Price was increasing but failed to break through the resistance zone; as a result, price reversed and is currently rising once more to break through the resistance zone. If price succeeds, we should expect upside.

TRADE SUGGESTION – BUY AT 131.85, TAKE PROFIT AT 132.90, SL AT 130.98