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16 Mar 2015
Treasuries: momentum remains bullish – RBS
FXStreet (Barcelona) - Edward Acton, Treasury Strategist, gives the technical outlook for 2s, 5s and 10s US treasuries, noting that the daily momentum for all remains bullish.
Key Quotes
“2s (0.658%)- Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance seen at 0.40% where we'd close a gap left behind in late October. Daily momentum is bullish.”
“5s (1.577%)- Next major support comes in at 1.80% and just above. Next resistance begins at ~1.30% and extends down to major resistance at 1.15%. Daily momentum is bullish and showing evidence of bullish divergence.”
“10s (2.095%)-Next resistance comes in at ~1.96%, the Feb 12th lows that we recently rebounded off of. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is bullish and showing bullish divergence.”
Key Quotes
“2s (0.658%)- Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance seen at 0.40% where we'd close a gap left behind in late October. Daily momentum is bullish.”
“5s (1.577%)- Next major support comes in at 1.80% and just above. Next resistance begins at ~1.30% and extends down to major resistance at 1.15%. Daily momentum is bullish and showing evidence of bullish divergence.”
“10s (2.095%)-Next resistance comes in at ~1.96%, the Feb 12th lows that we recently rebounded off of. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is bullish and showing bullish divergence.”