30Y TBOND FULL0624 - Daily - Technical analysis published on 04/18/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 165.81 USD
My targets
157.34 USD (-0.42%)
152.80 USD (-3.29%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 165.81 USD remains possible. It is advisable to trade 30Y TBOND FULL0621 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 165.81 USD. The next bearish objective for sellers is set at 157.34 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 152.80 USD. In case of crossing, the next objective would be the support located at 146.01 USD. PS: if there is a bullish break in the resistance located at 165.81 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.2
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This analysis was given by SuperLubeCrude. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The 30Y TBOND FULL0621 rating is 158.00 USD. The price registered a decrease of -0.63% on the session and was traded between 157.50 USD and 158.47 USD over the period. The price is currently at +0.32% from its lowest and -0.30% from its highest.157.50
158.47
158.00
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of 30Y TBOND FULL0621 indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 146.01 | 152.80 | 157.34 | 158.00 | 165.81 | 170.00 | 176.94 |
| Change (%) | -7.59% | -3.29% | -0.42% | - | +4.94% | +7.59% | +11.99% |
| Change | -11.99 | -5.20 | -0.66 | - | +7.81 | +12.00 | +18.94 |
| Level | Minor | Major | Major | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 156.43 | 156.97 | 157.40 | 157.94 | 158.37 | 158.91 | 159.34 |
| Camarilla | 157.57 | 157.66 | 157.75 | 157.84 | 157.93 | 158.02 | 158.11 |
| Woodie | 156.39 | 156.94 | 157.36 | 157.91 | 158.33 | 158.88 | 159.30 |
| Fibonacci | 156.97 | 157.34 | 157.57 | 157.94 | 158.31 | 158.54 | 158.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.82 | 154.30 | 156.07 | 157.55 | 159.32 | 160.80 | 162.57 |
| Camarilla | 156.95 | 157.24 | 157.54 | 157.84 | 158.14 | 158.44 | 158.73 |
| Woodie | 152.97 | 154.37 | 156.22 | 157.62 | 159.47 | 160.87 | 162.72 |
| Fibonacci | 154.30 | 155.54 | 156.31 | 157.55 | 158.79 | 159.56 | 160.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 146.14 | 149.68 | 152.95 | 156.49 | 159.76 | 163.30 | 166.57 |
| Camarilla | 154.35 | 154.97 | 155.60 | 156.22 | 156.84 | 157.47 | 158.09 |
| Woodie | 146.01 | 149.61 | 152.82 | 156.42 | 159.63 | 163.23 | 166.44 |
| Fibonacci | 149.68 | 152.28 | 153.89 | 156.49 | 159.09 | 160.70 | 163.30 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.29 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | 5.38 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 156.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 154.83 | |
| Elder Ray (13): | 1.07 | |
| Super Trend (3,10): | 159.27 | |
| Zig ZAG (10): | 157.84 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 86.76 | |
| TEMA (21): | 157.60 | |
| Williams %R (14): | -23.17 | |
| Chande Momentum Oscillator (20): | 3.25 | |
| Repulse (5,40,3): | 1.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 2.14 |
| MA7: | 157.21 | |
| MA20: | 156.31 | |
| MA50: | 158.79 | |
| MA100: | 164.91 | |
| MAexp7: | 157.35 | |
| MAexp20: | 156.89 | |
| MAexp50: | 159.18 | |
| MAexp100: | 163.27 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +1.08% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -4.19% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | -0.74% | |
| Price / MAexp100: | -3.23% |
Quotes :
-
10 min delayed data
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CBOT Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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