30-Year US Treasury Bond Futures (/ZB) have pushed below several major support levels in the past few weeks. These levels are indicated by the purple ovals.  The next support test in /ZB is the 200 day simple moving average (green oval). Given the massive sell side pressure as of late, there’s no telling what will happen. Considering we are positioned bullish in TBT, let’s hope that 200 day SMA support fails.

30-Year US Treasury Bond Futures (/ZB) have pushed below several major support levels in the past few weeks. These levels are indicated by the purple ovals.  The next support test in /ZB is the 200 day simple moving average (green oval). Given the massive sell side pressure as of late, there’s no telling what will happen. Considering we are positioned bullish in TBT, let’s hope that 200 day SMA support fails.