Key weekly #’s..Today is month end…
Copper 372
Aussie 96.60
Euro 136.97
Eur/Gbp 87
Closes below these levels complete outside reversal patterns.
These are so called risk off patterns. They are reflective of a price negative stock
picture.
Eur/Gbp…This cross is trading right on the #…it will be interesting to see which one leads.
You have a weekly double bottom at 156.80 and a break out over 160.10 in the straight Gbp/Usd
TBT 34.13
USD/JPY 80.84
Every technician in the world is watching 82 Usd/Jpy for an upside dollar break out against the Yen.
Price negative yen…80.84 Usd/Jpy ( app 123.77-80 Dec. futures) If we close under this dollar level the most
I’d consider doing is flattening out my YCS position. I am not a yen bull.
TBT…a close over this level today and I am adding to my rising interest rate bet by adding another
piece to this position
Bonds are in a 1 point range between 130.20-129.18… Time will tell which way we go.
