UNREAL TRADE ZONE

Ali Cagdas Tuna Futures TraderAbout Ali Cagdas Tuna

Ali Cagdas Tuna is a futures and options trader based in Turkey, currently employed at Alp Consultancy. He has been trading since 2005 and during that time has had the opportunity to work with multiple CTAs.
April 5th, 2012

‘June T-Bonds (ZBM2) settled at 137*09 up *15 ticks.Total estimated volume has been 370.106 and open interest down to 573.323.

Wednesday’s trading saw US Treasuries were in demand following equity sell off and US Dollar strength against major currencies.We’re seeing ‘Risk Off’ trade going on in all markets.Under normal circumstances this is bullish for bonds.But we have been in a FED supported ‘unreal’ trade zone and this is about to come to an end.I think any bonds rally is a big short opportunity for long term investors.ZBM2 trading at 138*11 up 1*02 as of 06:32 while Risk on assets under pressure.

Economic Events

Jobless Claims at 07:30 (Exp:360k Prev:359k )

FED’s Balance Sheet at 15:30

Speakers

St. Louis Federal Reserve Bank Pres. James Bullard at 08:10

Auctions

3, 10 and 30-year Note Refunding Announcement at 10:00
Technically ZBM2 is killing weak shorts and longs by moving really hard in both sides.I expect it to be like that for a while.Support levels today 137*08-136*16 and 135*31 resistance levels 137*26-138*19 and 139*10

30 Year Treasury Bond Futures Chart

30 Year Treasury Bond Futures Chart

 

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