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24 Feb 2015
US treasuries still oversold – RBS
FXStreet (Barcelona) - William O’Donnell, Head of US Treasury Strategy at RBS, shares the technical levels for US treasuries, noting that daily momentum is mixed with treasuries still in the oversold territory.
Key Quotes
“2s (0.606%)– Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance seen at 0.40% where we'd close a gap left behind in late October. Daily momentum is still mixed and still oversold.”
“5s (1.55%)– Next major support comes in at 1.80% and just above. Nearby resistance lines up at ~1.49%. Daily momentum is mixed and still oversold.”
“10s (2.07%)–Next resistance comes in at ~1.96%, the Feb 12th lows that we recently rebounded off of. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is mixed but into oversold readings.”
“30s (2.675%)– Bonds don't have any solid support until 3.105%, the November "lows." Local resistance is ~2.54%. Daily momentum is mixed and still showing oversold readings.”
Key Quotes
“2s (0.606%)– Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance seen at 0.40% where we'd close a gap left behind in late October. Daily momentum is still mixed and still oversold.”
“5s (1.55%)– Next major support comes in at 1.80% and just above. Nearby resistance lines up at ~1.49%. Daily momentum is mixed and still oversold.”
“10s (2.07%)–Next resistance comes in at ~1.96%, the Feb 12th lows that we recently rebounded off of. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is mixed but into oversold readings.”
“30s (2.675%)– Bonds don't have any solid support until 3.105%, the November "lows." Local resistance is ~2.54%. Daily momentum is mixed and still showing oversold readings.”