5 Global Charts For Active Investors – February 7

2.  US Treasuries – Symmetrical triangle 

The US 10 year treasury bond yield is trading in a symmetrical triangle on the daily chart.  A symmetrical triangle can serve as a reversal or continuation pattern depending on the breakout. Zooming in, and it’s clear that the US 10 year treasuries continues to trade in limbo, with neither the major upside resistance (2.60) or downside support (2.30) levels breached thus far.

Overall technical view: Neutral, wait for break of the triangle (and add on break of support/resistance).

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