Long term: bullish
On a quarterly basis, Bollinger bands spread is increasing. Our 7 / 23 quarters moving averages are up. Our stochastic and MACD will continue to rise.
On a monthly basis, a bullish no-crossover is the status for our 7 / 23 months moving averages. A bullish no-crossover is not ruled out with our stochastic. A qualification into a bullish parallel could be in hand next month.
Idea: higher for some periods on a quarterly basis.
Bet: bullish in 2011
R= Historical High (134.77), +, ++; S= MM (124.31)
Medium term: bullish parallel pattern
On a weekly basis (continuous contract), a bullish parallel pattern is in progress.
Idea: use bullish parallel rules
Bet: MW (end of period) will acts as a support
R = 134.77 (current high), +, ++; S = MW (129.89)
Short term (December 2010 contract): without trend
On a daily basis, Bollinger bands spread is not minimal and bands are flat. A bullish B type crossover is in progress with our 7 / 23 days moving averages. UD could act as a resistance.
Idea: rise as long as our stochastic is not overbought
Bet: recovery in line with a rise for 10 Y T-Note.
R = MD (130.97) S = LD (128.83)
Conclusion: less bullish than 10 Y T-Note (medium term basis)