Shorter term bearish on the TNX with a longer term bullish view

We like the short side of the 10 year treasury note for a bearish move to the 1.59 level as a target. Price action could continue higher to 1.73 from current levels, but the 1.59 should be achieved before a longer term bullish move is sustained. So on the longer term scale, we are bullish for price action to make a move for the 2.11 level, which could be reached by year end 2016.

Transaction en cours:

Price action moved higher to 1.73 as anticipated. We expect a move lower to develop now to the 1.59 level. We remain short term bearish.

Trade fermée: cible de profit atteinte:

As forecasted, the 1.59 level has been reached to the downside. www.thecharttraders.com