Sunday, July 03, 2011

US 10-year Treasury Yield Halts on Target



This post title is the answer to a preceding post discussing the importance of the 2.90 level (see updated weekly and daily charts above and below).

The US 10-year treasury note yield halted on targeted mentioned level in June and reversed signaling the potential start of the summer rally in equities, commodities and the continuation of the dollar weakness.

Potential target for reversal is the weekly falling 200SMA and the downtrend line in the 3.40 - 3.50 area.


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