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.

May 3rdt, 2012


On today’s calendar:-

07:30 Challenger Job-Cut Report

08:30 Initial Jobless Claims (Consensus 375K РPrior 388K)

Productivity and Costs

10 ISM Non-Mfg Index (Consensus 55.5 – Prior 56.0)

10:15 Fed Outright Treasury Coupon Purchases up to $2.00 billion

11:00 3 & 6 Month Bill Announcements

Speaking today:-

Plosser, Lockhart and Wiliams are presenting at a function at UCLA – Santa Barbara.

Quiet overnight action, with the 30 minute trend chart remaining bullish. A close below 142’21 would turn this bearish.

While the trend remains bullish, look for some upside targets at 143’09 (61.8% extension), followed by 143’24. Price resistance comes overhead at 143’04 to 143’06. Should prices reverse, first support comes at 141’30.

For a trade idea, look to go long at 142’30, putting a stop just below this mornings lows, targeting the 143’24 level. This trade is illustrated in the bottom chart.

30 Year Treasury Bond Futures Chart

30 Year Treasury Bond Futures Chart

30 Year Treasury Bond Futures Chart

30 Year Treasury Bond Futures Chart

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