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30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – August 28, 2015 Forecast

James Hyerczyk
Daily September 30-Year U.S. Treasury Bonds
Daily September 30-Year U.S. Treasury Bonds

December 30-Year U.S. Treasury Bonds recovered slightly on Thursday, following the steep sell-off on Wednesday. The main trend is still up according to the daily swing chart, however, momentum has shifted to the downside. The catalyst behind the selling pressure is the strong rebound in the equity indices. If conditions continue to improve in the stock market then look for further pressure on the T-Bonds.

Daily December 30-Year U.S. Treasury Bonds

The main range is 145’30 to 161’17. Its retracement zone at 153’24 to 151’29 is the primary downside target. Thursday’s low at 153’30 stopped slightly above the 50% level at 153’24.

The direction of the market today is likely to be determined by trader reaction to 153’24. Continuing to hold above this level will signal the presence of buyers. Because of the steep break, there is room to the upside with the first target an uptrending angle at 156’30. This is followed by a steep downtrending angle at 157’17.

A failure at 153’24 could trigger an acceleration to the downside with the Fib level at 151’29 the next target, followed by an uptrending angle at 151’14.

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