- ProShares UltraShort 20+ Year Treasury's recent run now faces a challenge at $37.42
- IShares 7-10 Year Treasury Bond ETF's upper Bollinger Band® is at $95.59 which indicates a further downward move may follow.
Trend and momentum analysis indicates that ProShares UltraShort 20+ Year Treasury's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that ProShares UltraShort 20+ Year Treasury's upper Bollinger Band® is at $38.78. ProShares UltraShort 20+ Year Treasury's notable support and resistance levels: ProShares UltraShort 20+ Year Treasury's run now faces a challenge at $37.42, which is only 43 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Notwithstanding ProShares UltraShort 20+ Year Treasury's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Trend analysis indicates that iShares 7-10 Year Treasury Bond ETF's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Asset volatility analysis shows that iShares 7-10 Year Treasury Bond ETF's lower Bollinger Band® is now at $92.68. Technical chart analysis shows bearish run for iShares 7-10 Year Treasury Bond ETF is facing a possible turning point at $93.23, which is only 14 cents away. If this support line fails to hold, the next target will be at $93.04.
For the time being, iShares 7-10 Year Treasury Bond ETF remains flat without a clear direction.
Around $48.5, ProShares UltraShort S&P500 can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Bearish run for ProShares UltraShort S&P500 is facing a possible turning point at $47.41, which is only 9 cents away. If this support line fails to hold, the next target will be at $46.39.
Overall, looking at the technical analysis landscape, it seems ProShares UltraShort S&P500 might start pointing upward in the short term.
Upcoming fundamentals: United States EIA Short-Term Energy Outlook will be released tomorrow at 17:00 UTC.