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.

April 20th, 2012

 

The economic calendar is clear for today, with only Fed involvement:-

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

Treasury prices eased off overnight, after initially rising to fill the settlement gap at 142’07. The decline was not enough to turn the 30 minute trend bearish – however, a close below 141’23 will do so. Until this occurs, look to trade the long side.

On a very short term basis, 141’25 is the 61.8% retracement level, so one could expect some support here. Should this level break, look for 141’20 (72.8%) to provide the next level of support.

Price level support is found at 141’04, with the nearest resistance being yesterday’s high of 142’11.

30 Year Treasury Bond Futures Chart

30 Year Treasury Bond Futures Chart

30 Year Treasury Bond Futures Chart

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