Best Financial Markets Analysis Article In our last update for the US Treasury Bonds (click here to view), one could observe a strong uptrend in prices.

This picture has changed during the last two days as prices have come down significantly, and important price levels have been penetrated to the downside. The line of least resistance has turned to the downside for now.

You can see on the following charts that if the price trades for 2 consecutive bars above the green line, rising prices are to be expected. Once the price trades for 2 bars below the red line, you should prepare for falling prices.

After trading below the red line, the 180min Chart on 30 year US Treasuries has turned bearish:

Naturally, the shorter term 3666 Tick chart is also bearish. It would take prices trading above the green line at currently 120'24 to turn the shorter term chart bullish again.

As a conclusion, the line of least resistance has turned to the downside for the time being, indicating that lower prices might be ahead.

If you have any questions, please do not hesitate to contact us by writing an email to

By Frederic Simons

http://www.crossroadsfx.hostoi.com

© 2009 Copyright Frederic Simons - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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