Bonds have fallen further, breaking down past 119'01 into the vacuum zone below. We are still hovering above 118'04, the next level of support, but the Kovach OBV is looking pretty bearish. We are starting to see some green triangles on the KRI around 118'20, but we should have strong support at 118'04 if current levels do not hold. If we can pivot, then 119'01 should provide resistance.
Trade closed: target reached
As we discussed this morning, ZN has hit 118'04!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.