Technical Analysis: iBoxx $ Treasuries 3-7Y: continuation of the dynamics

america 7

The iBoxx $ Treasuries 3-7Y index is representativeof a basket of U.S. government bonds   ....

Day By Day – Indipendent Research

… («Treasuries»)with maturities ranging from 3 To 7 years. It presents a clearly bullish dynamic materialized by a succession of ascending peaks and troughs supported by the100-day moving average. We have, for the moment, nothing that calls into question the trend so we are positive in the medium-term.

Anticipation  :
In the short-term, having consolidated within a rectangle pattern for nearly five months, the impulse constructed from the major support at 189.10 points allowed prices to break above the 192,25 point resistance, which had been tested several times. The consolidation has ended and leaves room for a continued rise in future sessions.
We are therefore short-term positive, and envision a rallying towards the resistance at 195.43 points (the theoretical target of the rectangle – blue arrows) with an intermediate target of 194.24 points.
We set the invalidation threshold for this positive scenario slightly below the support at 191.43 points.

Close price 192.89

2 months Opinion BULLISH
2 weeks Opinion POSITIVE

Resistances 194,24 / 195,43 pts
Supports 191,43 / 189,1 pts

Follow-up Analysys: The tracker dated 09/01/2012 recommended the purchase of the Stoxx Europe 600 Travel & Leisure. Since then, prices continue to rise and are approaching our target of 117.50 points, or a latent performance of 1.6%.


This publication is solely intended as information and does not constitute any investment advice or an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any transaction. Althoughthis publicationis issued in good faith, no representation or warranty, express or implied, is or willbe made and no responsibility or liability is or willbe accepted by NYSE Euronext or by any of its officers, employees or agents in relation to the accuracy or completeness of this publicationand any such liability is expressly disclaimed.No information set out or referred to in this publicationshall form the basis of any contract. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by NYSE Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. NYSE Euronext encourages you to reach your own opinion as to whether investments are appropriate or relevant and recommends you not to make any decisions on the basis of the information contained in this publication before checking it, as you will bear full responsibility for any use that you make of it. Persons wishingto trade products available on NYSE Euronextmarkets or wishingto offer such products to third parties are advised, before doing so, to check their legal and regulatory position in the relevant territory and to understand the related risks. All proprietary rights and interest in or connected with this publicationare vested in NYSE Euronext.No part of it may be redistributed or reproduced in any form or by any means or used to make any derivative work (such as translation, transformation, or adaptation) without the prior written permission of NYSE Euronext. NYSE Euronext refers to NYSE Euronext and its affiliates and references to NYSE Euronext in this publication include each and any such company as the context dictates. NYSE EuronextSM, Euronext®, trackers®, are registered marks of NYSE Euronext.

Source: ETFWorld – Day By Day – Indipendent Research



Artículos similares

Technical Analysis: Stoxx Europe 600 Real Estate index : Clearing of the 2011 highs


Technical Analysis: Stoxx Europe 600 Insurance index: bullish breakout of the triangle


Technical Analysis: MSCI EM Asia index: towards March 2012 highs