ZB1! trade ideas
ZB1. T-Bond futures. Long room to goZB1 futures show that the T-Bonds are finishing the correction which started back in July and are ready for one more leg up.
Also, it would confirm that there will be no rate hike in December abd bond market would rally to a new historical highs before a big crash.
Will long at 161´21 targeting 182 ish in a term of 4-6 months.
US Treasury Bond Futures In Consolidation - 6/7/2016Whether it will break upside or down is anybody's guess but playing the range has been a very profitable exercise so far. As the global trend on bond yield suggests, a break on upside is more likely then down but we have to be vigilant if Fed surprises with hike. In that case also, it will be another buying opportunity than selling we believe. US has long way to go for negative yield but you never know !
T-BONDS FUTURES short entryThe price is at prior resistance area.
Some sort of a double top is being formed which is consiedered to be a reversal pattern.
I'm not sure whether I'll close the trade at initial target or earlier. However, the probability of a profitable trade here is pretty good.
Both entry price and stop-loss price are on the chart.
GLHF ;)