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ANALYSIS : 10 Years Treasuries

CBOT:ZN1!   10 YEAR T-NOTE FUTURES - ECBT
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10 years treasuries have been pretty volatile so far in 2014. We saw a nice returns in Q1, only to see them evaporate in the first month of Q2 , but has made some gains since. If you look closely , we can see that it has been making lower highs since fall 2013. Support and Resistance have been tested and broken, but seems to have a hard time going back above.

Based on the "lower highs and lows" , I drew a downward channel . Not sure if the price will follow this pattern, but if it does, this could be good news for the markets for a while ( late 2015! ) .

However, looking a longer time frame , the overall direction is still UP ( see chart in comment section). Keep an eye on yields, and of course the FED. :)

Cheers Algo

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