ZN1! trade ideas
Will the Bond Market Continue to Sell Off??Bonds have reached a relative high at 123'01 to the tick then promptly rejected this level. A red triangle on the KRI confirmed resistance and we headed straight back down to through the 122 handle to finally find support at 121'28. We are currently seeing some support here, confirmed by a green triangle on the KRI. However the Kovach OBV has taken a steep dive south suggesting the bear rout is about to pick up again. If so, the next target is 121'00, then 120'14. If we are wrong, we must break through 123'01 before we can consider higher levels.
Presence of buyers/ Very Good uptrendBuyers really got the better of sellers as we see on the chart...Thanks.
ANALYSIS ZN1/ buy positionAs we see on the chart we have a very good uptrend on ZN1. In effect, we have two elements that corfirm our buying position:
- Candle with a long wick and small body and a large volume in downtrend this mean that buyres are coming so at the next green candle you buy...
- Breakout with strengh the vwap indicator with a large volume....
Sell Signal ZNM22Sell Signal Entry - 124'19
Buy Stop: 126'27
1st Take Profit - 123'06
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Are Bonds Being Dumped to Buy Bitcoin?BTCUSD / US Bonds are Inversely Correlated
Since March 7, 2022 the bond market has been in a freefall, spiking rates, as you can see with the 10 Year Treasury
Bitcoin has been on a rally that started on March 7 with a major spike then pullback the following day, only to take off like a freight train.
This a clear inverse correlation that has set in and does not look like it's abating at all.
Is this really happening? Bonds being sold to buy Bitcoin?
Thoughts? Please comment.
Stay tuned as this is very interesting!
Bonds Bear Rout Bottoming Out??Bonds have stabilized for now after a brief relief rally. We tested higher levels at 123'15 or so, after falling 7 handles from the 129's to the 122's in less than one month. The rally was short lived, and just a technical respite into the overall bear trend, exactly as we had predicted here. The price promptly rejected this level, as anticipated, and headed back down to lows. We found support just above the low at 122'10 and have been equilibrating thereabouts, between this level and 123'01. There is nothing to suggest any deviation from the bear rout, overall except perhaps for small relief rallies. If the bear momentum picks up again our next target is 121'28.
zn is bearishzn is bearish
I prefer to take it easy and use the trailing stop loss.
but you can go with 4 contracts
Every Day a New Low for Bonds!!Bonds keep falling as yields are rising globally. It seems that we have to redo our levels to predict yet another new low in ZN. The Kovach OBV is solidly bearish and we have fallen 7 handles, from the 129's to 122's in the month of March. We are currently testing support at 122'10, but the bear rout shows no sign of stopping. It would be unwise to try to catch a knife here, although the probability of a relief rally increases with each rung down. Our next taget is 121'28. A relief rally could test 123'01 or 123'15.
Summary on our analysis on ZN1Indeed this moning we had predicted a bullish trend on the ZN through our analysis but this was not the case as we can see on the chart. There was a trend reversal . The market decided otherwise...DOWNTREND....Thanks.. God bless... CBOT:ZN1!
PROBABILITY OF UPTREND ON ZN1ON ZN1 WE HAVE A GOOD PROBABILITY OF AN UPTREND. See the differents factors on the chart....God bless... CBOT:ZN1!
Treasuries Get Smashed as Investors Brace for HikesBonds continue their selloff ahead of the FOMC meeting today . The Fed is expected to raise rates, and we could be in for as many as 6 rate hikes total this year. This is impacting yields sending bond prices tumbling. ZN has made a brief attempt at higher levels but got batted down around 125'07, a level we identified yesterday. It is likely to continue the bear trend, currently finding support at 124'19 by a thread. The next target below is 124'06.
ZN is bearishZN is bearish
you can return with 10 contracts if you want
but don't forget to manage the trade well with the trilingual stop loss manually of course
Bond Yields at Highest Levels Since 2019Bonds have edged out new lows as investors weigh deescalation of the war in Ukraine and increased expectations for a Fed rate hike . Yields in ZN, the 10 year treasury note, are the highest they've been since July 2019. We have sliced through multiple technical levels below, and have established new lows, yet again. We do appear to be seeing a brief pivot from lows at 124'19, but 125'07 is providing resistance confirmed by a red triangle on the KRI. If we are able to continue the rally and break through resistance, then 125'17 and 126'00 are the next targets above. If we continue to sell off, then 124'06 is the next target below.
I think the ZN will change the trend to make a correction I think the ZN will change the trend to make a correction
but be very careful not to buy a lot of contracts because it is a bit risky 3 contracts max to limit the losses in 1500 1700$.
Summary on the ZN1As we can see sellers are pushing buyers away. We have a big candle that broke with force the support line and the vwap indicator. CBOT:ZN1!
Bonds Test LowsBonds have smashed through relative lows in the mid 126's to find support at 126'00 which appears to be a technical and psychological level. We have added this as a technical level on the chart. ZN has been on a clear decline falling 3 handles from the 129's to the base of the 126's. The Kovach OBV is on a steady decline, but does appear to be leveling off suggesting we may find support here, or at least that the selloff may ease up. If not, the next target is 125'17. We do appear to be severely oversold and if we see a technical retracement into the bear trend we must break 126'11, where we are currently meeting resistance as confirmed by a red triangle on the KRI. After that, 126'19 and 126'28 are targets.
Analysis on ZN1Good morning. We can see on the ZN1 we have a great probability of uptrend if we have a pullback on the resistance line and the vwap indicator. thanks.
Summary on the ZN1Since yesterday we can notice that we have taken a buy position on the ZN1 but our target has not been reached because the market is on the decline. You can see it on the graph. Soon we will try to improve our analysis. Thanks.!!! CBOT:ZN1!
