Soybeans…

OIL…hit its first downside objective last night. Now that all those that were Bullish

are now bearish I’d look for everyone to get screwed.

52 will continue to be pivotal.

Equity/Bond spreads tell me the lowest risk place to be is long TLT.

I’m looking for the Bonds to lead the spreads.

 

Bunds…164.29 is the 200 DMA. This is resistance the first time up. I’d use this level to mach up with an initial high in the U.S. 30 yr.