Bond Breakdown (week of 8/29)
Posted: Aug. 29, 2023, 8:02 a.m.
10-Year Treasury-NotesTechnicals (September) Treasuries struggle to bounce and without a move through 111-05, we are reluctant to call a bottom. Momentum studies are still in oversold territory and prices have been in a Bearish Trend since May 19th at 114-11. It would take a push through 111-050 to shift traders back to a Neutral trend. Bias: Bearish/Neutral Previous Session Bias: Bearish/Neutral Resistance: 112-160** Pivot: 111-050 Support: 109-00** |
 |
30-Year Treasury BondsTechnicals (September) T-Bonds are making new highs on the week however it would take a sustained move through 120-00 to carve out a bottom. Prices have been in a Bearish Trend since May 16th at 129-10. It would take a push through 123-03 to shift traders back to a Neutral trend. Bias: Bearish/Neutral Previous Session Bias: Bearish/Neutral Resistance: 123-03**, 125-00*** Pivot: 120-00 Support: 118-00** |
 |
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Sign up for a Free Trial
Start Trading with Blue Line Futures
Don't have an account with Blue Line Futures?
Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.
With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500
Like this post? Share it below:
Back to Insights
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Free Trial