Title: 10 Year T-Note Futures (ZB1!) , H4 potential for bounce
Type: Bullish bounce
Resistance : 154'10
Pivot: 152'09
Support : 151'08
Preferred case: Price has recently bounce from pivot level of 152'09 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection. Price can potentially go to resistance level of 154'10 in line with 78.6% Fibonacci retracement. Our bullish bias is supported by the moving average as price is trading above it.
Alternative scenario: Price can potentially dip to the support level of 151'08 in line with 127.2% Fibonacci projection.
Fundamentals: With the Russo-Ukraine conflict escalating to an all out war, prices of bonds will continue to increase as investors flock to safe haven asset. Technicals and fundamentals align, thus ZB1! may be a good opportunity to look into .
Type: Bullish bounce
Resistance : 154'10
Pivot: 152'09
Support : 151'08
Preferred case: Price has recently bounce from pivot level of 152'09 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection. Price can potentially go to resistance level of 154'10 in line with 78.6% Fibonacci retracement. Our bullish bias is supported by the moving average as price is trading above it.
Alternative scenario: Price can potentially dip to the support level of 151'08 in line with 127.2% Fibonacci projection.
Fundamentals: With the Russo-Ukraine conflict escalating to an all out war, prices of bonds will continue to increase as investors flock to safe haven asset. Technicals and fundamentals align, thus ZB1! may be a good opportunity to look into .