FinTasticTrading

ZB uptrend end 20190402

CBOT:ZB1!   T-Bond Futures
Today with manufacturing PMI at 55.3, better than concensus, ended the uptrend since March 7, 2019. The sharp pull back is now oversold in RSI and KD. Further selling is not recommended. Since recent uptrend was strong, this pull back is more likely to form a sideway range 148~150'20. But a weak rebound might suggest a ABC correction further below today's low 148.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.