Support & Resistance Level on US 10 Year Treasury - Weekly Chart
On this Weekly chart I add the lines of key support and resistance levels for the US 10 Year Treasury. It's at a pivotal point right now hovering around 4%. What i'm watching for is to see if it's going to reclaim 4% for 2 consecutive weeks at a minimum and move higher to re-test that 4.25 to 4.28 range or if it will stay below 4% for 2-3 consecutive weeks and move lower into the next level down that I have marked off with white lines. I watch this closely as I am in the mortgage business and what the 10 year does daily will impact mortgage rates.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.