ZN1!
Best Bond Trading StrategiesBonds have been ranging in a sideways Elliott Wave for some time now. However they appear to be nearing the completion of this cycle. The rounding highs, suggest a breakout to the downside, compounded with the fact that the Kovach OBV, which has been pretty strong, appears to be rounding off. Wait for a squeeze to 139'13 or 139'16, but if risk on sentiment persists 139'05 may be a reasonable target. Keep your eye on the ghostsquawk risk sentiment indicator. Yesterday, it was spot on, and we were able to capture some significant trades from it.
US T-Notes 10 years analysisHello traders,
Let’s have a look on ZN.
The ZN is showing an increasing trend. The pitchfork indicator was capable to limit the evolution of ZN.
Right now, if the ZN could break support S0 it will look for reaching the R1 resistance (and could break it too). Otherwise it will bounce on the S0 and decrease to reach S1.
Thank you for reading this analysis.
Hoping it helps you in your ZN Future trading.