FXEMPIRE
All
Ad
Advertisement
Advertisement
James Hyerczyk
Add to Bookmarks
Daily December 30-Year U.S. Treasury Bonds
Daily December 30-Year U.S. Treasury Bonds

December 30-Year U.S. Treasury Bonds closed higher on Friday. The main trend is up so the higher close gives the market an upside bias on the opening today.

T-Bonds are trading inside of a steep uptrending channel. The support line of the channel is at 141’11. The upper level of the boundary is 143’13.

Advertisement
Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Daily December 30-Year U.S. Treasury Bonds

The nearest upside target today is the August 28 top at 141’30 top. This is followed by the May 1, 2013 top at 142’04. A breakout over these angle should lead to a test of the upper channel line at 143’13.

A break under the lower channel line at 141’11 will be an early sign of weakness. This could lead to a break into the former top at 140’16. The market could accelerate to the downside since the daily chart indicates there is plenty of room until the next support angle at 139’27. This is followed by the major support angle at 139’13.

The tone of the market today will be determined by trader reaction to the angle at 141’11. 

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker