05 February 2011

US10YY : Monthly Downtrend Line

  • Monthly : DownTL at 3.64% being tested now. (High tonight 3.665%). Next resistance lies between 3.80% to 4.01%.
  • Weekly : Triangle breakout point at 3.46% confirmed taken out, objective 3.77%.
  • Daily : 6 weeks' sideways consolidation between 3.25%-3.57% over. Expect upmove in yields now to last for a few weeks at least.
  • Taken partial profits (at 118-22) on short TYH1 earlier tonight after NFP. Re-established at close on confirmation of technical breakouts. Short position maintained at same size.
  • [Closed out half of bunds short position after NFP as well, at 122.86].

1 comment:

Taichiseal said...

Paid 118-08 on TYH1 ... taking partial profit on 25% of position.