U.S. 10 year yields - Will the 55 wma provide resistance?
- (06/12) Short Term caution required as 10 year yields have hit the 55 wma at 4.20%. Note that the 55 wma provided good resistance in October 2007 from where 10 year yields fell aggressively. A Weekly close above here though would suggest a stretch higher to 4.29% and a rally through there could open the way for the double bottom target again at 4.64%.
- (06/05) A second weekly close through here would suggest that a move towards 4.25-4.305 remains on the cards.
- (05/22) The 3.96% level remains pivotal here with a weekly close above suggesting as high as 4.64%. While this level holds a move lower remains a danger
- (05/08) 3.96% on the 10-year yield looks now to be the most pivotal yield point on the curve. A break through would lead us to suspect that we can see more of the same in the months ahead i.e. Higher U.S. yields from 2 to 10 year, higher equities, narrower yield spreads to Europe and likely a stronger USD.
- (04/24) 10 Year yields are unwinding the divergence on the weekly chart. They are likely to continue to stretch higher toward the February high at 3.96%. Good resistance above that level is quite far away at 4.29%, which is the converged horizontal level from the December high and the 55 wma.
- (04/17) Has broken good trend line resistance opening up the danger of higher levels. Next good resistance is met at 3.805 and then at 3.96%.
- (04/10) Peaked at 3.62% as 55 day moving average held. Good resistance is now 3.62-3.68% with support at 3.28%. Some range trading now looks the danger.
- (04/03) Higher yields looking more and more likely here as we head for a likely 2nd consecutive up week. Good resistance is at 3.73% and above here 3.96% would be on the cards.
Tags: FOREX Technical Analysis
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