Banque Pictet & Cie SA
June 16, 2026
Technical Views Currencies Commodities and 10Y Yield
Market ReportFXCommoditiesRates Govt BondsEnergyMaterials
This report provides technical analysis of global currencies, commodities, and government bond yields as of June 16, 2026. Market trends are characterized by a struggle for direction among major pairs, a technical breakdown in WTI crude, and cautious positioning in Treasury yields.
Key Takeaways
- 1.WTI crude oil has experienced a significant technical breakdown, focusing attention on the 200-day SMA as critical support.
- 2.The US dollar index (DXY) is testing key resistance at 100-100.36 without a clear breakout, while major pairs remain largely range-bound.
- 3.German 10-year yields are stabilizing above 2.91%, suggesting upward momentum could push toward 3.35%.
Table of Contents
- Oil slides, precious stabilize, yields pause again below resistance levels
- Forex: Major Pairs
- DXY (LT): Indicators close to posting positive signals
- DXY (ST): Testing the upper band of the lateral range
- EUR/USD (MT): Stabilization below 1.2020
- EUR/USD (ST): Indecision persists within the range
- USD/CHF (MT): Ongoing pressure, but tentative signs of momentum shift
- USD/CHF (ST): Attempting a move above 0.80
- GBP/USD (LT): Stabilization below key resistance at 1.3771
- GBP/USD (ST): consolidation around the 200-day SMA
- USD/JPY (MT): Back at key resistance area 160–162
- USD/JPY (ST): Testing resistance area at 160 – 162 with bearish RSI divergence
- USD/CNH (ST): Initial recovery signal with 6.83 in focus
- Forex: Minor Pairs
- EUR/CHF (LT): Negative momentum may persist, but scope for recovery remains
- EUR/CHF (ST): Testing resistance
- EUR/GBP (ST): bullish momentum, which began in early 2025, is now at risk
- AUD/USD (MT): Pullback to 0.6956–0.6757
- USD/CAD (MT): Stabilization above 1.3540
- USD/CAD (ST): Relief rally may extend towards 1.4150
- Commodities
- WTI Crude Oil (ST): Significant technical breakdown shifts focus to 200-day SMA
- Gold (ST): Stabilisation attempt after falling below 200-day SMA
- Silver (ST): Still holding above support, potential rebound to 78.90
- Copper (MT): Holding above 6.14, rise to 7.06
- Govt. Bond Yields
- US 10-Year Treasury Yield (MT): Pause after recent attempt to break above resistance
- US 5-Year Treasury Yield (ST): Consolidation towards 4.01–3.92% before a new attempt?
- US 2-Year Treasury Yield (MT): Consolidation under way before a new rise?
- US 10-2 Year Treasury Yield Spread (MT): Consolidation in progress towards 0.30
- Germany 10-Year Yield (ST): Stabilising above 2.91%
- Japan 10-Year Yield (ST): Pullback in progress towards 2.34%
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Authors
Fabio Salvagni
Securities
WTI Crude OilUS 10-year Treasury yield
Themes
Technical AnalysisConsolidation
Regions
GlobalUnited StatesGermanyJapan
