US 10Y T-Note Today’s Forecast

Tuesday Forecast, June 7

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 118,035, which will be followed by moving up to resistance level 118,160.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 118,035, which will be followed by reaching support level 117,128.

This/Next Week Forecast (June 6 – 10, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 118’160, which will be followed by reaching resistance level 120.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 118’160, which will be followed by moving down to support level 117’128.

Previous week forecast
Chart Cocoa Forecast 2020, Long-term Technical Analysis and Outlook

Monthly Forecast, June 2022

Uptrend scenario
The uptrend may be expected to continue, while pair is trading above support level 117’12, which will be followed by reaching resistance level 122’31 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 126’10 – 127’15.
Downtrend scenario
An downtrend will start as soon, as the pair drops below support level 117’128, which will be followed by moving down to support level 114’26.

Chart Cocoa Forecast 2020, Long-term Technical Analysis and Outlook

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