Bond Yields, Gold, Oil, Dollar Are Still Shaken by Fed; Here's How to Trade Them

NEW YORK (TheStreet) -- U.S. Treasury yields rose to their highest levels of 2015 prior to last week's Federal Reserve Open Market Committee Statement, press conference and comments by Fed Chief Janet Yellen. Then yields consolidated. Comex gold rebounded to a test of its 200-day simple moving average, while Nymex crude oil and the euro vs. the dollar stayed between their 50-day and 200-day simple moving averages.

Here's the latest trading setups for these markets and daily charts, courtesy of MetaStock Xenith.

Let's start by analyzing the trends for the U.S. Treasury 10-year note and 30-year bond, then analyze the daily chart for 20+ Year Treasury Bond ETF (TLT), which is down 5.4% year to date, with a negative but oversold weekly chart.

The yield on the 10-year note declined from a 2015 high of 2.5% on June 11 to as low as 2.258% on June 19, above its 50-day and 200-day simple moving averages, which converged at 2.161% and 2.162%, respectively.

The yield on the 30-year bond declined from a 2015 high of 2.227% on June 11 to as low as 3.035% on June 17, and is above its 50-day and 200-day simple moving averages of 2.891% and 2.835%, respectively, which is a "death cross" for the bond market. Higher yields indicate lower bond prices.

Here's the daily chart for the bond exchange-traded fund.

Investors seeking the safety of the U.S. Treasury market can trade yields like a stock using the 20+ Year Treasury Bond ETF. This exchange-traded fund is a basket of U.S. Treasury bonds with maturities of 20 years to 30 years. The price of the bond ETF rises when yields are falling and declines when yields are rising.

The bond ETF had a close of $119.08 on Friday, down 5.4% year to date after trading as low as $115.26 on June 10. The bond ETF is below the bond price "death cross," with its 50-day simple moving average of $122.58, below its 200-day simple moving averages of $124.08. A key level on technical charts of $114.44 should continue to hold on weakness until the end of June.

Up next: gold.

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