Symmetric triangle on 10Y US Treasuries
Just about hitting a support level on the symmetric triangle.
Fundamentally, the global markets are going through a rough time this week, which could drive demand for haven assets such as 10Y treasuries, driving the price up to hit the resistance level of this triangle. I think that we will see a short-term move up to the resistance.
Look for breaks on both sides, however.
Fundamentally, the global markets are going through a rough time this week, which could drive demand for haven assets such as 10Y treasuries, driving the price up to hit the resistance level of this triangle. I think that we will see a short-term move up to the resistance.
Look for breaks on both sides, however.
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