SPU/BOND…spread is dead on the 18 day mvg avg. 30 yr. Bonds…144.07-09 is near term support. A close below 143.20 is needed to get something going on the downside. A close over 145.07-10 is needed for higher. Bunds…need a close … Continue reading
Grains… Wheat…needs all new closing strength over 7.374 for higher Corn…we like to see Corn hold 729 to avoid any lower retests. As seen by looking at the Green mvg avg line, ( 200 day) is temporarily capping the rally. … Continue reading
Oil…needs to maintain over 93 for a re-test of 94. Resting sell stops remain @ 91.70. USD/JPY…95.05 will act act a pivot. Price action around that level will dictate how the crosses trade. Euro…130.00-20 is resistance and the closing upside … Continue reading
Spu’s…these need to go 1554 bid and close over 1563 for higher. Sustaining under 1543 can see a break to test the lows of Sunday night (1529-31). Oil…94.00 +- 10 cents is current resistance and the short term upside pivot … Continue reading
Spu’s…1529.00-31 is support. Recovery over 1547.25 is needed for higher. Spu/Bonds…hit it’s support last night as well. EURO and it’s crosses have all hit big technical support @ last night’s lows.This includes EUR/JPY,AUD/JPY,EUR/GBP,EUR/AUD. USD/JPY…held a big retrace level last night … Continue reading
AUD/USD…is the feature today. Closing resistance is 103.85-104. AUD/JPY…has reached parity @ 100. This needs to back and fill from this level. the bigger macro resistance level is 101.80-90. EUR/AUD…the mid 124’s will be tough to trade. This looks like … Continue reading
AUD/JPY…shows a double top on the P&F @ 99.50. 98 +– a few seems to be the next descent level of interest. FBTPM…Italian 10 yr…shows initialĀ support @ 108.40. 30 yr. small buy stops are 143.16. The lowest risk sell … Continue reading
Euro…130.60-70 acted as the downside pivot and first support on Friday. It will now act as the near term resistance. USD/JPY…95.60 needs to be given to see further Yen strength ( App 104.60 H Futures) EUR/JPY…put in a new high … Continue reading
Welcome to unenjoyment…and for your added pleasure USDA Crop Report @ 11:00 CDT. Where’s Beeks when you really need him! AUD/JPY…97.76 is last months high( maintaining above is price positive). This will trade up or down with the Spu’s. EUR/JPY…maintaining … Continue reading
Euro Stoxx…2700-2719 is short term resistance and the upside pivot. Spu/Bonds…the daily shows possible price rejection right here, however any sustained action above this level leads to the red line on the chart, which means the equity indices have a … Continue reading