Daniel Urdaneta
Short

30-yr UST: The Long Bond is gonna get heavy

CBOT:ZB1!   T-BOND FUTURES - ECBT
45 0 0
Early signs of topping on ZB futures . Distribution candles on the top, and failing yet again at familiar spot. Setup is not yet confirmed by RSI or MACD , though, and the long bond bounced a bit off the MA(9).

I'm inclined to open half of my position here. A daily close below MA(9) would lead me to open the second half of the short on ZB, targetting MA(200), around 156'00 at current times.
A breakdown below MA(200) is in the cards if Crude Oil             (related idea) goes above 35$. Otherwise, good to hop on some ZBs for risk-off trading!



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