Tickmill

ZB1! H4 | Potential for bearish dip

CBOT:ZB1!   T-Bond Futures
Type: Bearish continuation
Resistance : 153'30
Support : 151'07
Pivot : 1513'15

Preferred Case : Price is trading in a descending channel and near pivot level of 153'15 in line with 50% Fibonacci retracement and 127.2% Fibonacci projection . Price can potentially dip to the 1st support level of 151'07 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection . Our bearish bias is supported by the ichimoku cloud indicator.

Alternative scenario : If prices continue to rally. Price can potentially dip to the 1st support level of 151'07 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection .

Fundamentals: As russo-ukraine tensions continue to escalate. Bond prices will continue to increase as investors flock to safe haven assets. As fundamentals and technicals do not align, there is a risk factor when looking into ZB1!

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.