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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 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 down trend.

Its immediate support is at 129.14 & the resistance is at 131.16

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.

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 5&50 SMA.

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

US 30 YR. T- BOND immediate support is at 129.82 & resistance is at 130.66

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 130.67, TAKE PROFIT AT 131.83, SL AT 129.82

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