Zn1
ZN Analysis for the next hoursThe ZN future was taking a decreasing trend, he even broke the Minimum M3 with a high level of volume.
However, we have signs assuring that ZN will increase again returning to the Minimum M3 in the next few hours.
ZN testing low levels 137.000ZN was in a sideway range on daily TF and just broke down after days of accumulation, main points to test is 137.160 to 137.000
ZN AnalysisZN today is very remarkable.
The ZN is going down today, It seems it has broken the first Minimum (M1), It’s clear that sellers are dominating the market, so we will wait for it to either break the second minimum (M2), and bounce on the M3, or it will spring on the M2 going back to the resistance R1.
In general selling ZN, or not entering the market right now would be better.
But we could wait for its spring M2 or M3 going back to R to be a buyer.
5-Year Treasury: Play the ChannelWe're going long $ZN_F early in the Asian session for a run back up to the middle of the regression channel. We think the rise in yields today was a total headfake - they won't stop sinking until they're negative.
Top In Bonds Reached?Bonds are having trouble making higher highs. Both Kovach momentum indicators have levelled off or retraced, and we have a red triangle at the high of that candle at 139'10'5, indicating a pullback is coming. Look for ZN to establish value in the highlighted region. Additionally volume has dropped off, and we appear to still be maintaining a sideways corrective phase.
ZN For long term investmentThe ZN showed an equilibrium of trend since 15 April. So for long term investment, we need to wait for the point break of the rectangle
Only the rectangle could give us an idea of how it would move for the next month.
- Right now if you have already placed a long term investment in ZN you should keep it and wait for the beak of equilibrium, to decide the next move.
- If you think about investing for the long term in ZN, it would be better to wait for a breakpoint sign of the equilibrium.
