Technical Commentary: The Markit-iBoxx $ Treasuries 3-7 index represents the evolution of a basket of treasury bonds issued by the American state....
Day By Day – Indipendent Research
This index is registered in a bullish channel that started after a long bullish trend (not shown on this chart). We do not acknowledge any element that could jeopardize this trend. We therefore have a midterm bullish opinion.
On the short term side, the February-Marchcorrection ended on the bullish 200-day moving average.The current bounce should allow joining, at first, the previous highs at 194.2. A second move could allow a higher target at 195.4, at the top of the bullish channel.
We are therefore positive in the short term with a target at 195.4 and a stop loss below 192.1.
|2 months Opinion||BULLISH|
|2 weeks Opinion||POSITIVE|
|Resistances||194,2 / 195,4 pts|
|Supports||192,1 / 189,1 pts|
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Source: ETFWorld – Day By Day – Indipendent Research