10 Y T-Note contract: new historical high is not ruled out

Catégorie [ Contrat 10 Y T-Note ]

Long term: bullish

On a yearly basis, Bollinger bands spread is increasing. The status for TAM tools is a PEI for each one. As long as no NEI will develop on a monthly basis, the rise in progress could extend for some periods.

On a quarterly basis, a bullish no-crossover is in progress with our 7 / 23 quarters moving averages. The pattern in progress is a parallel one.

On a monthly basis, a type II could be the next status.

Idea: rise as long as MM = support

Bet: a PEI could be the next status for MACD.

R = 132.35 (Historical High),   + + + ;    S = MM (125.91)

Medium term (June 2012contract): wait

On a weekly basis, UW / LW spread is minimal. A PEI could be the next status for our moving averages.

Idea: MACD could be oversold

Bet:  with a bear trend for LW, a bullish T1 is likely.

R = UW (131.93)   S = MW (130.21)

Short term: a type II could develop

On a daily basis, tonight, a type II could be in hand.

Idea: with a type II, a new Historical high is expected

Bet: UD / LD spread will continue to increase.

R = UW (131.93);    S = MD (129.39)

Conclusion: nothing to do this week.