quantguy

Bonds Test Higher Levels

CBOT:ZN1!   Futuros T-Note a 10 años
ZN is testing highs at 131'12. We have tested this level twice but are facing some resistance as confirmed by two red triangles on the KRI. The next level above is 131'20, and this will be the next target if we can break 131'12. The Kovach OBV is progressively getting stronger, but has currently leveled off. Bonds will likely range a bit until we see more momentum come through. We will have support from below from 131'02, then 130'26.

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