Yesterday saw a continuation of Tuesdays strength but I feel the market will take a breather here so I have taken profits on this trade.
TBonds – Closing-out Tuesday’s Trade
Month: May 2020
Watching Bonds for Continued Strength or Fail to the Downside
We are watching the June 30 Year Bond contract for a continuation of yesterdays strength. If it breaks down, we’ll be looking to enter around 178.
Agriculturals Showing Weakness
On the back of recent weakness, we are watching for a conviction break below 3.13 in the July Wheat Contract.