ZB1!
ZN T-note 10 year is consolidating in a triangle patternthere are some chances that the ZN will go up after a consolidation in an ascending triangle form.
we need some buying volumes and the ZN will break the triangle. BUT if you look at the ZB, it has broken down as I have mentioned in a previous analysis.
so personally I will wait some times before entering the ZN, I will just intratrade it .
ZB T-Bond Futures looking for a pullbackThe VWAP has been broken with a strong candle, so an ascending behavior is to be expected, the market could look for the precedent tops of the trading range.
But it has in front of it the historical trend line which works well (look at the ellipses), so maybe the support will be the resistance.
wait for Chicago to open the market + volumes + confirmation of RSI.
TLT / Treasuries are breaking out post FOMCThe chart on the right represents 30 year treasury bonds. The chart on the left is TLT, an ETF that expresses a trade in treasury bonds.
The way to profit most is probably via call options on TLT. I am looking at the 172 strike in August.
The other way is to be long futures. I am long ZB1! futures contract. The negative is the minimum size is $181,000. So for most retail traders, call options on TLT is the best way to play the long here. Owning TLT outright eats a lot of capital for low return.
Here is the long term chart of 30 year treasuries:
Other ways to play this:
5 year treasuries ZF1! (125k contract but much less volatile)
10 year treasuries ZN1! (140k contract with more vol than the 5 year but about 1/4th the vol of the 30 year.