Technical Analysis

T-Bond Futures (ZB) bears take control

  • ZB has been in a downtrend since 2020, and technicals tell us it will continue.
  • Short trades with defined stops above 135’03 can be taken.


ZB futures have been in a steady downtrend since 2020 as investors buy more and more bonds. The sentiment remains that more buying will continue meaning we can expect yields to continue to drop, and that provides us with some useful opportunities we can take advantage of.

Technical analysis

There is a resistance zone at 131’03 that bulls cannot seem to break above, which gives us a point to place our stops.

Shorts can be taken at current levels with price targets at the ascending trend line. Roughly 126’11.

ZB daily cahrt showing ascending triangle with and resistance zone
ZB Daily Chart