10 year T-Note Technical Outlook for October 30, 2014

After spiking to as high as 130,50 on October 15, 10-year Treasuries have made a serious correction down to currently 126,50. The daily trend is down as long as price is lower than 127. There is support @ 126 and good resistance @ 127 and 127,85. Among other things it remains to be seen how markets assess Fed’s announcements about the end of QE.

10-year Notes, daily chart:

US 10 YR T-Note(Daily)20141030111802

Chart courtesy of investing.com. http://investing.com

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