Title: 10 Year T-Note Futures (ZB1!) , H4 potential for bounce
Type: Bullish bounce
Resistance : 154'10
Pivot: 152'09
Support : 151'08
Preferred case: Price has recently bounce from pivot level of 152'09 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection. Price can potentially go to resistance level of 154'10 in line with 78.6% Fibonacci retracement. Our bullish bias is supported by the moving average as price is trading above it.
Alternative scenario: Price can potentially dip to the support level of 151'08 in line with 127.2% Fibonacci projection.
Fundamentals: With the Russo-Ukraine conflict escalating to an all out war, prices of bonds will continue to increase as investors flock to safe haven asset. Technicals and fundamentals align, thus ZB1! may be a good opportunity to look into .
Type: Bullish bounce
Resistance : 154'10
Pivot: 152'09
Support : 151'08
Preferred case: Price has recently bounce from pivot level of 152'09 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection. Price can potentially go to resistance level of 154'10 in line with 78.6% Fibonacci retracement. Our bullish bias is supported by the moving average as price is trading above it.
Alternative scenario: Price can potentially dip to the support level of 151'08 in line with 127.2% Fibonacci projection.
Fundamentals: With the Russo-Ukraine conflict escalating to an all out war, prices of bonds will continue to increase as investors flock to safe haven asset. Technicals and fundamentals align, thus ZB1! may be a good opportunity to look into .
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.