Thursday, July 9, 2009

20 Year Treasury Bond Technical Chart

iShares Barclays 20+ Year Treasury Bond, May 7th.

iShares Barclays 20+ Year Treasury Bond, May 18th.
iShares Barclays 20+ Year Treasury Bond, June 4th


iShares Barclays 20+ Year Treasury Bond,July 8th


This is the 4th posts on treasuries, so far my forecast played out very well.
Treasury could hold on to $88 support and it is railed nicely. it became overbought in the short term, it would be very positive if treasury can stay above "S1". keep an eye on it if it drops below "S2" and stays there over 3 days.