A look at the quarterly and monthly charts of the 30 year futures contract tells a big story. Thirty year futures retraced rather vigorously throughout all of 2013. Our quarterly chart below shows five consecutive quarters where 30 year futures close lower (from the last quarter of 2012 to the fourth quarter of 2013). Signs of…
Take a look at price action in the Ten Year Futures contract on this weekly chart. As the contract rallies throughout May and into June observe how the Bollinger Bands tend to steadily converge. The bands have basically continued to converge to the present week. This indicates how volatility has waned throughout the summer. Yesterday’s chart of…
Since June, we have seen noteworthy price consolidation between the 124 and 125 handles in the ten year future contract. In each instance encircled in the below daily chart, after about three to four days of consolidation, we saw at least a 36 percent retracement towards highs made on May 29th and August 15th.
