
Please try another search
The following 1-Year Daily chart of 30-Year U.S. Bonds (USB) shows that a bearish moving average Death Cross has recently formed — warning that lower prices may be in store. However, the rising RSI indicates building strength from May through July.
Near-term major resistance lies at 155.00, while longer-term major support sits at 150.00, as shown on the following 5-Year Daily chart. We may see a price break through both sides of this 150.00-155.00 consolidation zone before market participants make a final decision "for" or "against" this bond...watch to see which side of 50.00 the RSI either aligns with, or diverges from. That final choice will confirm sustainability future direction.
The key to direction may lie in how well the U.S. dollar performs in the near-term. The following 5-Year Daily chart of the USD compares price action to USB.
Price has, basically, moved in tandem on both of these instruments since mid-2013. The RSI is still in an uptrend from May and above the 50.00 level on the USD, and major price resistance lies at 98.00.
However, the following 5-Year Daily ratio chart of USD:USB shows that, recent attempts by the USD to break and hold above the 98.00 price level have been futile, while buying has strengthened each time in USB. I'd watch the 0.630 major support level on this chart to see if the U.S. dollar can regain a bullish bias...a breakout and hold above 0.660, together with a move on the RSI back above the 50.00 level would reinforce that scenario.
When it comes to the economy, we’re in a bit of a weird spot: The data tells us that, despite inflation fears, interest rates are likely to fall in the year ahead. Falling rates...
Telegram Group Inc. is a globally recognized messaging service company, offering a cloud-based mobile and desktop messaging application. Known for its strong focus on security,...
Many investors regard passively managed index mutual funds or ETFs as favorable options for stock investing. However, they may also find that actively managed funds offer...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.