Oversold UST 30-Yr Tests 200-Week MA Support at 3.05%: Charts
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Possible bid support may emerge on UST 30s near 200-week MA at 3.05%, as 9-week RSI hits the highest since 2013 at ~77, Bloomberg technical analyst Sejul Gokal writes.
Alert: HALISTER1- See LIVE chart here
- Firm move above 3.05% would turn focus on Nov. 2015 high at 3.14% and then 3.25% (61.8% Fibonacci of 2014-2016 down move in yield)
- NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice
Source: BFW (Bloomberg First Word)
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UUID: 7947283