Currently: Long Looking to: Sell @ 142
As of 7/3/20 close: 139.188
LAST WEEK: We suggested selling longs / getting short at 142 with stops on shorts on a close above 142.50 and with a target of 138.21. Ahead of the test of 142.50, we suggested buying dips to 138.21 with stops below 137.45.
UPDATE: Treasury futures (10-yr) made no real progress in either direction this past week. Lets call it a consolidation week. No changes to our outlook or trade recommendations from last week.
Look to buy dips to 138.21 with a target of 142 for selling longs / getting short. Look to short at 142 with stops on a close above 142.50 and with a target of 138.21.