Scottish Poll Results #ScotlandDecides will be available tomorrow. The GBP condor trade idea can now be closed for +50% collection of profit in just two day. If you followed it, please close the trade and book your profits.
Now over to the the 30 Year bonds.
The 30 Years Bonds futures are trading at 136.06 (as of this writing), testing an important support level at 135 which has been very well respected as both support and resistance multiple times since 2010 very obvious if you look at the attached weekly chart.
Right now, I am bearish bonds. There are 2 reasons for my bias:
- One, recent weeks’ price action has been very weak
- Two, I am not seeing strong commitment from bulls even though price is testing a strong level.
Should price close below 135 at the end of the week, I would look for a setup to go short and update to IFO subscribers. NO action, unless price confirms.
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