30 Year US Treasury Bond Futures Price Forecast

In this article and technical analysis we would like to a provide a 30 Year US Treasury Bond Forecast and long term prediction. We would like to give an assessment of the further price development of the US Treasury Bonds.

We look at the long term charts for Treasury Bond Futures (ZB), which are the yearly, quarterly and monthly charts . The basis of our analysis is Price Action and Technical Chart Analysis.

The charts used are from TradingView and the prices are from CBOT.

T-Bond Futures Yearly Chart (12-month-chart) in long term Uptrend

In the yearly chart of the T-Bond Future , we see a long-term upward trend with a low in 2000 at 89’07 and the all-time high at 177’11 in 2016. In the last three years Treasury Bond prices are moving mostly in the price range of the year 2016.

Yearly Chart for T-Bond Future in long term Uptrend
Yearly Chart for T-Bond Future in long term Uptrend

Important highs and lows

HighsLows
117’11 – July 11, 2016136’16 – October 9, 2018
167’18 – December 17, 2019143’16 – March 4, 2019
155’05 – January 2, 2020

Long term price movement showing more price potential

If we consider the stable and intact upward trend with strong upward momentum since the low in 2018, the probability speaks for a further increase in T-Bond Futures prices. The next price target could therefore be the 2019 high at 167’18.

This positive assessment would become obsolete at the latest when the low of 2019 at 143’16 is undershot.

Next let’s take a look on the quarterly chart.

T-Bond Future Quarterly Chart (3-month chart)

T-Bond Futures Quarterly Chart
Quarterly Chart for T-Bond Futures (ZB)

In this quarterly chart for T-Bond Future we can see more details of the price movement. We have included a 20 period moving average (blue line) as a general trend indicator.Important highs and lows

HighsLows
117’11 – July 11, 2016136’16 – October 9, 2018
167’18 – December 17, 2019143’16 – March 4, 2019
155’05 – January 2, 2020

The correction from the alltime high to the low of 2018 at 136’16 was very close to the 78.6 % Fibonacci retracement at 137’00.

The 20 period moving average was still rising and containing the price action.

From the correction low in 2018 we have seen a further price increase until the December 17 high of 2019.

Price action shows more upward potential

In the 3-month chart shown here, we also see a still intact uptrend with higher lows. The probability speaks for a further rise in the T-Bond Future price, whereby the next price target could be the 2019 high at 167’18.

Only a price drop below the low of January 2020 at 155’05 would neutralize the positive chart picture and possibly open further downward potential until the 2018 low at 136’16.

Let us continue our review with a look at the monthly chart.

T-Bond Futures Monthly Chart

T-Bond Future Monthly Chart

Starting from the correction low in October 2018 at $136’16, T-Bond Future was able to regain significant ground by December 2019 and reached a local high at 167’18. Starting from this high, T-Bond Futures fell back significantly and corrected the previous rise by slightly more than 38.2%, as can be seen in the monthly chart shown.

The low in January 2020 was 155’05, the 38.2% Fibonacci retracement we see at 154’30. From this local low, T-Bond Future is moving upwards again and is currently heading to the 2019 high.

The 20-period moving average shown on the chart is moving nicely below the monthly price action bars.

Treasury Bond price prediction and longterm forecast February 2020

The long term uptrend in T-Bond Future looks stable and the next major price target could well be the alltime high at 167’18. Before that, however, the interest rate future must reach the last local high at 167’18. At this point we will see, if we could expect T-Bond Future to show more upward potential.

From a chartist perspective, the probability that this could happen is relatively high. Here at the high in 2019, it will then finally become clear whether Treasury Bond Future could develop the strength to break through to the historical high.

What is the current price of Treasury Bond Future ?

You could check the current price of Treasury Bond Futures here.

About T-Bond Futures

Treasury Bond Futures are trades on CME.

*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.

Do you think our predictions are accurate? What are your thoughts on the methods used to reach our conclusions? Let us know in the comments below.

Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in T-Bond Futures, as the market is particularly volatile. 

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