A.M. Look 1/12/21

30 yr. Futures are trading oversold on the daily chart.

It’s not clear as to what would change that condition until after Biden is sworn in and gets his team in place.

Having said that traders should be aware of the condition and trade accordingly.

There is a lot of price positive news circulating about the weather and the commodity markets.

Prices should stay firm through the end of the week, after which we’ll see if there is another leg up.

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