TNote future: Anticipate stronger rally to 125.20 levels - Natixis

According to Micaella Feldstein, Research Analyst at Natixis, since the daily volatility tends to increase and as the daily indicators have turned bullish for TNote future, they anticipate stronger rally to 125.20 (weekly Bollinger moving average) ahead of 125.27-127.29 (rising trendline).

Key Quotes

“The 124.15-124.17 area (weekly Bollinger moving average) held well and the contract was able to recover markedly, breaking above 125 and 125.09-125 11.”

“Since the daily volatility tends to increase and as the daily indicators have turned bullish, we anticipate stronger rally to 125.20 (weekly Bollinger moving average) ahead of 125.27-127.29 (rising trendline). A break above these last barriers would unleash strong upside potential to 126.08, 126.21 and 127.”

“Supports are located around 125.09-125.11, at 125-125.02, at 124.23-124.25, at 124.15-124.17, and at 123.28-123.30.”