A.M. Look 5/8/17

Gold..today’s ORH # is 1236.

Euro…needs sustained and closing price action below 109.48 ( today’s ORL#) for lower.

Euro Currency Futures..EU6M7 currently trade @ 20-22 ticks over Cash.

I write cash levels.

Both the Euro & Swiss have retested the Trump election weekly ORL’s.

 

It will take a little time to determine how important those levels are.

CAD/JPY would need to see a close below 82.00 to negate Friday’s pattern.

30 Yr. Bonds... continue to hold the 50 DMA.

Last nights Bund low is keeping the treasury complex bid.

Let the day set up as the U.S. comes in.
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