Failed to hold support of 2.10%
The near-term trend is down and the intermediate trend is sideways.
The reversal of roles is an important concept in technical analysis. 2.1% was support on the last chart analysis: this level is now resistance.
Reference the last chart analysis of the U.S. Treasury 10-Year posted on March 30, 2012 showing the failure to break resistance of 2.40%.
Relevant articles picked from the Web:
- Treasury yields rise from near 3-month low — FP — May 1, 2012
- Treasury 10-year yield below 2% on European debt crisis — Financial Post — April 18, 2012
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.
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