. US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS AND WEEKLY

US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS AND WEEKLY FORECAST – 05 MAY 2023

US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS AND WEEKLY FORECAST – 05 MAY 2023

08 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.

TRADE SUGGESTION – SELL AT 129.65, TAKE PROFIT AT 128.17, SL AT 130.96