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13 Apr 2015
Treasuries: increased bearish risks – RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, suggests remaining short on treasuries, targeting 128-11 onto 127-19+ and possibly 126-18+.
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 stochastic 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 stochastic 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.”