10 Yr Yields About to Break?
When looking at the 10 Yr Yield chart, the price is currently sitting at a key area of support. A breakdown of that support could lead to a massive move to the downside. This would be enough to send equities and commodities soaring.
A bounce from here should take yields right up to two big areas of resistance - first, the recent high around 1.75 and long term resistance at ~1.98-2.00. A breakout of those levels, although highly unlikely, would signal the market actually pricing in rate hikes in the near future. If that were to happen, I'm also assuming equities and commodities would not like that one bit.
Another probable scenario is a temporary bounce up towards the resistance areas, followed by a rejection of those levels. Then, the most logical place for price to move would be down, down, down.
Don't underestimate how important this move in the
US10Y
will be for equities and commodities, regardless of which direction it will be.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
A bounce from here should take yields right up to two big areas of resistance - first, the recent high around 1.75 and long term resistance at ~1.98-2.00. A breakout of those levels, although highly unlikely, would signal the market actually pricing in rate hikes in the near future. If that were to happen, I'm also assuming equities and commodities would not like that one bit.
Another probable scenario is a temporary bounce up towards the resistance areas, followed by a rejection of those levels. Then, the most logical place for price to move would be down, down, down.
Don't underestimate how important this move in the
US10Y
will be for equities and commodities, regardless of which direction it will be. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
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This big bull-flag is looking like it wants to break soon. Just waiting for signal from the Fed meeting this week?
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Good luck!
Good luck!