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Is The 10 Year Note Going To 1% ?

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10 Year Note Futures---The 10 year note in the September contract is trading higher for the 2nd consecutive session up another 14 ticks at 130 /30 continuing its bullish momentum hitting a 3 year high. I have been recommending a bullish position from the 128 /00 level and if you took that trade the stop loss now stands at 128/27 as the chart structure will turn outstanding in next week's trade therefor the monetary risk will be lowered.

There is so much uncertainty in the world at this time especially with the tension brewing between China and Hong Kong and if that comes to violence you're going to see the bond market sharply higher in my opinion.

The yield at the current time is 1.53% and if you have been following any of my previous blogs you understand that I think we can go all the way down to the 1% level as I see no reason to be short the bond market as it is the strongest trend to the upside at the present time.

Gold prices are also higher once again in today's trade as bonds and gold are used as a flight to quality and I still think there's room to run so stay long as I will be looking at adding more contracts on any type of price retracement as the risk/reward will be more in your favor next week.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit




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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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