30 Year T Bond AM Technical Analysis Report

bondtradingAbout Harry van Beuningen
Trade futures based on the 30 Year Treasury Bond (symbol zb), utilizing 5 and 30 minute charts. I use the Williams AO Oscillator in combination with AGET StoRSI and MACD to generate entry signals. Very short term trades, averaging 5 to 6 signals a day.

March 26th, 2012

Today’s economic calendar:-

08:30 Chicago Fed Activity Index

10:00 Pending Home Sales Index

10:15 Fed Outright Treasury Coupon Sales up to $8.75 billion

10:30 Dallas Fed Mfg Survey

11:00 4 Week Bill Announcement

11:30 3 & 6 Month Bill Auctions

Speaking today:

07:30 Charles Plosser

08:00 Ben Bernake

Bond prices relatively quiet overnight, with a low of 136’14, and a high of 137’26. On the short term (30 minutes), the trend remains positive, with the trend flipping negative on a close below 137’10.

30 Year Treasury Bond Futures Chart










There is support at 136’24 on the downside and the closest resistance on the upside is at Friday’s high at 138’04.

30 Year Treasury Bond Futures Chart










How far can this bounce go, before we resume our test of the recent lows? 137’28 is the 38.2% retracement level, with 138’24 being 50% and 139’19 is the 61.8% retracement price. Should 138’04 be taken out, look to the higher levels as next resistance levels.

30 Year Treasury Bond Futures Chart




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