$ZN bearish momentum is a question
With no doubt, bond market is bearish. But somehow price action is strange. After a hawkish FED statement 10y seems to fail continue lower. Meanwhile USD is strengthening but Gold is also holding its gains!
Can it be some sort of early signal for a more radical risk off to hit markets soon?
haOscillator and haDelta+ turning up above there mid lines. MACD also shows consolidation.
For now let's just watch first upper key level: 113'14. If price breaks above that, it can trigger some shortsqueeze. Second key is around 114'03
All I want to say is stay tuned and focused!
Can it be some sort of early signal for a more radical risk off to hit markets soon?
haOscillator and haDelta+ turning up above there mid lines. MACD also shows consolidation.
For now let's just watch first upper key level: 113'14. If price breaks above that, it can trigger some shortsqueeze. Second key is around 114'03
All I want to say is stay tuned and focused!