26 Mar 2015
Treasuries: increased corrective risks in the near-term – RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS,, notes that bearish outside session suggests increased corrective risks in the near term for treasuries.
Key Quotes
“The market has formed a bearish outside session which, contrary to Bunds charts, indicates downside risks in the near term.”
“The price tested the area above the 129-09 resistance, but failed to close above and had a weak opening today, confirming our view that a base in yields has already formed and 1.78% being the sell level of the long-term inverted Head and Shoulders.”
“Support is at 128- 00/04+ and 127-19+.“
Key Quotes
“The market has formed a bearish outside session which, contrary to Bunds charts, indicates downside risks in the near term.”
“The price tested the area above the 129-09 resistance, but failed to close above and had a weak opening today, confirming our view that a base in yields has already formed and 1.78% being the sell level of the long-term inverted Head and Shoulders.”
“Support is at 128- 00/04+ and 127-19+.“