It’s month end today. If you decide you need to pick a trend reversal you’ll be fighting capital flows all day.

March Bonds! That’s right (H) not June! Today almost everyone rolls to June Bonds. We do not roll for another 2 weeks. 122.10 is the area to key off of in the (H) 30 YR. Last nights high was unchanged on the year ( 122.04) with the major buy stops still resting just above 122.10.

OIL…You need to see price action above or below last night’s range for any follow through in either direction.