According to Bondar, “The yield also lies near a key level of 1.32% being the 161.8% retracement from September 2010 - February 2011 selloff. Given momentum oscillators’ signals, it appears there are more chances of a correction, as the slow stochastic formed a negative crossover in the overbought region, while MACD histogram is showing a negative divergence with the price action. Hence, favor selling rallies, as a pull back to 142.60 onto 142.00 looks likely.”
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