Oil…93.80-94.00 is near resistance and the closing hurdle.
94.37 is mvg avg resistance.

Bunds…need to sustain under 145.50 and close below 144.85 for more downside.

General Comments…

We’re seeing some correction in the Yen crosses and the world Bond markets.

Futures Traders…I still favor the buying of breaks in the oil. Do not initiate new Longs into resistance
zones.

USD/JPY…has come a long way. 99.66 is close enough to the tgt area, coupled with it’s general oversold
condition, is causing some profit taking after a torrid 4 day run.

The Yen Futures need over 102.05 to run out some new shorts. ( APP 98 USD/JPY)

30 Yr.Bonds…this pause in the Yen should help us with our shorts. The plan is the same, “Pay for your trade”
cover a portion of your shorts @ the 146.17-20 level and exit the remainder around 145.07.

I woke up with no power this A.M.( thank you Com Ed).
If you don’t hear from me for a while, you’ll know why.


Short Term View…

Don’t fight the money printers.

It’s the first days of a new qtr., use the 3/28/13 closes for your short term pivots in everything!

Medium Term View…the qtrly update is out. This update is provided exclusively to current subscribers and will not be posted on our site until mid-June for general review.

FYI…Anytime you wish to look up levels, go to the website (Click on Pro Tips…add the instrument you are looking for in the box…)
Everything I’ve written for the Month will appear.