Last Monday, we discussed our forecast for lower US Treasury yields ahead in, “Bonds CReeping Towards Lower Yields” for TraderPlanet. Unfortunately, we were early and the market stopped us out with a manageable loss prior to Friday’s key reversal higher. We expect this to continue as the world prepares slower growth and a strengthening U.S. Dollar. Therefore, we will re-enter this trade with a new protective stop placed at Friday’s low of 140^08.
We’ve updated the chart below to reflect our current outlook in the 30-year U.S. Treasury Bond futures.
These trades are generated on both a discretionary and purely mechanical basis at COTSignals.com.
Read our full analysis in TraderPlanet – Outside Bar Key Reversal in Bonds
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