It is amazing how technical analysis can inform us of the fundamentals! Recently, a look at the 30 year futures proved very interesting. Take a look back at the entry, BIG PICTURE ANALYSIS OF 30 YEAR FUTURES: UP WHERE THE AIR IS THIN, and see the several interesting questions that the chart begged to be asked. At that…
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.
