Back
10 Apr 2015
Stay bearish on treasuries – RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, maintains a bearish stance on treasuries, seeing the first support at 128-07.
Key Quotes
“The market has had a selloff, in line with our view, after it saw an inside session on 6th April, which, coupled with bearish momentum readings, pointed to increased bearish risks.”
“The slow stochastics oscillator also turned negative after displaying divergence with the price action.”
“Therefore, I favour keeping shorts to the first significant support area of 128-07, where an important Fibonacci level and 50-day MA both lie.”
Key Quotes
“The market has had a selloff, in line with our view, after it saw an inside session on 6th April, which, coupled with bearish momentum readings, pointed to increased bearish risks.”
“The slow stochastics oscillator also turned negative after displaying divergence with the price action.”
“Therefore, I favour keeping shorts to the first significant support area of 128-07, where an important Fibonacci level and 50-day MA both lie.”