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  • Writer's picturePeet Serfontein

Analyst thoughts: US 10 Year Bond - Medium Term

VIEW RETAINED: PRICE ACTION TO TARGET THE 4.65% AREA.

  • The expected upward break out of the PQ continuation pattern has activated the illustrated view of a bear phase to the T1 area.

  • The preferred view remains for a gradual upside towards T1 as the market dissolves remaining bearish momentum.

  • The illustrated outcome is retained as a relevant portrayal of the medium-term view.

  • The current upside should find meaningful resistance around RA1. This, coupled with increasing overbought conditions, (RSI highlighted) should result in phase 4 downside toward S0*.

  • Final gains to T1 should complete the bear trend, followed by a meaningful downside to S2 and S3.

  • Conviction: Medium to high.



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