Technical Update - US 10-years Treasury yields in corrective mode, breaking key level
Kim Cramer Larsson
Technical Analyst, Saxo Bank
The Us 10-year yields have broken below support at 3.015 and the rising trend line. . Warning signs of a correction has been there for some time with divergence on RSI
At the time of writing RSI is below 40 i.e. in negative sentiment. Next key support is at around 2.71 and 2.55.
To get yields back in to neutral a move back above 3.01% is needed. To reverse the short term negative/corrective picture a move above 3.26 is needed.
The US 10-year Treasury Note has broken resistance at 11 16/32 and is moving fast towards next key resistance at 120 31/32.
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