Contrat 10 Y T-Note : toppish

Long term: bullish

On a yearly basis, Bollinger bands are up. The status for our 7 / 23 years moving averages is a bullish non-crossover. Our stochastic and MACD are oversold.  With a new high this year, the bull trend will continue.

On a quarterly basis; a bullish non-crossover is the status for our stochastic and MACD. On a monthly basis, a bullish non-crossover is the status for our 7 / 23 moving averages (same pattern for our MACD). Pattern with our Bollinger bands is a bullish parallel one.

Idea: towards new Historical high this year (but wait for the end of Q1 for stochastic / MACD patterns).

R = 128.7 (Historical high), +;    S = MM (116.09)

 

Medium term: recovery above PW (126.62)

On a weekly basis, a bullish non-crossover is the pattern in progress for our 7 / 23 weeks moving averages. Our weekly stochastic is not oversold. PW (126.62) is our first resistance. Above this target, UW (128.85) will be a strong resistance (UW / LW spread is wide).

Idea: if PW acts as a resistance, MW (122.66) is our next objective.

R = PW (126.62), UW (128.85);      S = MW (122.66)

 

Short term: not bullish

On a daily basis, Bollinger bands spread is wide. With our 7 / 23 days moving averages a bullish A type crossover is in progress. A bullish non-crossover is the status for our 7 / 23 weekly stochastic and MACD.

Idea: PW could be a resistance (LD is flat).

R = PW (126.62), UW (128.85);       S = MD (121.76), LD (119.68)

 

Conclusion: not higher than UW (128.85) for short / medium term.  

 

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