Will The 10 Year Note Hit 1.85% ?

10 Year Note---The 10 year note in the September contract is trading higher by 10 ticks at 127 / 26 reversing some of the weakness that we experienced in last Friday's trade as this market still remains bullish in my opinion.

I have been recommending 2 bullish positions with an average price of 124 / 25 and if you took those trades the stop loss tomorrow will be 126/24 and then in Wednesday's trade will be raised to 126/31 as the chart structure will improve on a daily basis.

The yield at the present time stands at 2.02% as we did trade as low as 1.99% last Friday and I still think there's a possibility that we could go to the 1.85% level as strong demand and higher interest rates compared to the rest of the world.

The 10 year note is trading above its 20 and 100 day moving average as clearly this is one of the strongest to the upside out of all the commodity sectors and looks to move even higher so stay long and continue to place the proper stop loss.

For the bullish momentum to continue we have to break June 20th high of 128/08 as then there might be the possibility of adding more contracts to the upside once the risk / reward become more in your favor.




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