Category: Currencies

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USD_ DXM24

Weekly –  Remains in the new December downtrend, testing the resistance.  Trade pressures are now up. Volumes are now bearish.

Daily – Flat.  In the move up from 103.48 on 3/19 and now near the 105.01 target.  Trade pressures are down but rising.  Volumes are bearish.

At the 105.01 target.  The expected overbought levels remain 104.96.

A close below 103.92 would signal lower. 103.74 is the expected oversold level.

 

US30YR T-BOND_ USM24

Weekly – In the new December 2023 uptrend at support.  Trade pressures are down.  Volumes are bearish.

Daily  – Flat. Sold down thru the 119-18 SL on Monday then consolidated in the downward channel.  Trade pressures are down. Volumes are now bearish.

The next target down is the LML at 116-29.  Oversold levels are 116-10.

A close above 118-19 would signal higher. Overbought levels are 119-30.

 

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USD_ DXM24

Weekly –  Remains in the new December downtrend.  Trade pressures are into the neutral zone. Volumes are now bullish.

Daily – Long.  In the move up from 103.48 on 3/19 and now testing the prior high of 104.51.  Trade pressures are up.  Volumes remain bullish.

The next target up is 105.01.  The expected overbought levels are 104.96.

A close below 103.73 would signal lower. 103.05 is the oversold level.

 

US30YR T-BOND_ USM24

Weekly – In the new December 2023 uptrend at support.  Trade pressures are back in the neutral zone.  Volumes remain  neutral.

Daily  – Flat. Back in the long trade on 3/21 at  119-03.  Trade pressures are up. Volumes remain neutral.

The next target up is 122-21. Overbought levels are 121-27.

A close below 119-18 would signal lower.  Use this as the SL.  Oversold levels remain 115-14.

US$$

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USD_ DXM24

Weekly –  Remains in the new December downtrend.  Trade pressures are into the neutral zone. Volumes are now bullish.

Daily – Long.  In the new move up from 103.48 on 3/19.  Trade pressures are up.  Volumes remain bullish.

The next target up is 105.04.  The expected overbought levels are 104.75.

A close below 103.95 would signal lower. 102.90 is the oversold level.

 

US30YR T-BOND_ USM24

Weekly – In the new December 2023 uptrend at support.  Trade pressures are back in the neutral zone.  Volumes remain  neutral.

Daily  – Flat. Back in the long trade on 3/21 at  119-03.  Trade pressures are up. Volumes are now neutral.

The next target up is 122-21. Overbought levels are 121-07.

A close below 119-09 would signal lower.  Use this as the SL.  Oversold levels remain 115-14.

 

 

Oil & Gas

CRUDE_ CLK24  (May Contract)

Weekly – Still in the December 2023 downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. The move up from the bull flag break out at 77.75 on 3/13 is correcting.  Trade pressures are down.  Volumes are now neutral.

The next target down is the LML at 77.88. The expected oversold level is 78.89.

A close above 81.28 would signal higher. The expected overbought levels are 83.91.

Look for a re-entry long at the oversold levels.

 

NAT GAS_ NGK24

Weekly – In the February 2024 downtrend.  Trade pressures are down.  Volumes remain neutral.

Daily – Flat. At the 1.78 short entry..  Trade pressures are down.  Volumes are bearish.

The next target down is the 1.36 downside ML.  The expected oversold level are1.60.

A close above 2.01 would signal higher.   The expected overbought level is 1.88.

US$$

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USD_ DXM24

Weekly –  Remains in the new December downtrend.  Trade pressures are up but turning down. Volumes are now bearish.

Daily – Flat.  Down through bottom band of the channel at 102.91.  Trade pressures are now up.  Volumes remain bullish.

The next target down is 101.32.  The expected oversold levels are 102.25.

Trading down in a bull flag. A break out would be at 103.26. The next target up would be 104.41.  103.90 is the over-bot level.

[3-19-24: Long at 103.48.]

 

US30YR T-BOND_ USM24

Weekly – In the new December 2023 uptrend but at support.  Trade pressures are just up.  Volumes are now neutral.

Daily  – Flat. Stopped out of the Long trade and back in the move down.  Trade pressures are down. Volumes are now bearish.

The next target down is the prior low at 117-12.  Oversold levels remain 115-14.

The next long entry is 119-17. Overbought levels are 121-18.

 

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USD_ DXH24

Weekly –  Remains in the new December downtrend.  Trade pressures are up but turning down. Volumes are now bearish.

Daily – Short.  Down through bottom band of the channel.  Trade pressures are down.  Volumes remain bullish.

The next target down is 101.69.  The expected oversold levels are 102.52.

In a bull flag. A break out would be at 103.91. The next target up is 104.41.  104.09 is the over-bot level.

 

US30YR T-BOND_ USM24

Weekly – In the new December 2023 uptrend but at support.  Trade pressures remain down.  Volumes are now neutral.

Daily  – Long. In the new long from 120-09 on 3/6.  Trade pressures are up. Volumes are now neutral.

The next target up is 123-07. Overbought levels are 127-18.

The next target down is the prior low at 117-12.  Oversold levels remain 118-07.

Set the SL at 121-01.

[3-12-24: Stopped out for a gain.]

 

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USD_ DXH24

Weekly –  Remains in the new December downtrend, but testing resistance.  Trade pressures are up but turning down. Volumes remain bullish.

Daily – Flat.  At the bottom band of the channel.  Trade pressures are up but turning down.  Volumes are bullish.

In the bull flag. A break out would be at 104.24. The next target up is 104.87.  104.63 is the over-bot level (lower high).

A close below 103.66 would signal lower.  The expected oversold levels are 103.59.

 

US30YR T-BOND_ USM24

Weekly – In the new December 2023 uptrend but at support.  Trade pressures remain down.  Volumes are now neutral.

Daily  – Flat. In the move down but turning up.  Trade pressures are up. Volumes remain bullish.

At the next target down at 117-12.  Oversold levels remain 115-14.

A close above 120-19 would resume the move higher.  The next target up is 120-02. Overbought levels are 127-14.

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USD_ DXH24

Weekly –  Remains in the new December downtrend, but testing resistance.  Trade pressures are up but turning down. Volumes remain bullish.

Daily – Flat.  At the bottom band.  Trade pressures are down but turning up.  Volumes are bearish.

In the bull flag The next target up is 104.50.  104.90 is the over-bot level (lower high).

A close below 103.28 would signal lower.  The expected oversold levels are 103.55.

 

US30YR T-BOND_ USM24

Weekly – In the new December 2023 uptrend but at support.  Trade pressures remain down.  Volumes are bearish.

Daily  – Flat. In the move down.  Trade pressures are down but rising. Volumes are now bullish.

The next target down is 117-16.  Oversold levels remain 115-09.

A close above 121-06 would resume the move higher.  The next target up is 121-09.

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USD_ DXH24

Weekly –  Remains in the new December downtrend, but testing resistance.  Trade pressures are up. Volumes remain bullish.

Daily – Flat.  At the 104.41 upside target.  Trade pressures are now down into the neutral zone.  Volumes are neutral.

In a small bull flag The next target up is 105.37.  104.95 is the over-bot level.

A close below 103.58 would signal lower.  The expected oversold levels are 103.60; so likely consolidation at this level.

 

US30YR T-BOND_ USH24

Weekly – In the new December 2023 uptrend but at support.  Trade pressures remain down.  Volumes are bearish.

Daily  – Flat. In the move down off the failed test of the 12/27 high.  Trade pressures are down but rising. Volumes remain bearish.

The next target down is 116-07.  Oversold levels remain 115-09.

A close above 119-25 would resume the move higher.  The next target up is 122-24.

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USD_ DXH24

Weekly –  Remains in the new December downtrend, but testing resistance.  Trade pressures are up. Volumes remain bullish.

Daily – Flat.  Continues with a second leg up from 102.36 on 1/16.  Trade pressures are now up.  Volumes are bullish.

In a small bull flag The next target up is 104-31.  104.71 is the over-bot level.

A close below 103.17 would signal lower.  The expected oversold levels are 103.13.

 

US30YR T-BOND_ USH24

Weekly – In the new December 2023 uptrend.  Trade pressures remain are down.  Volumes are bearish.

Daily  – Flat. No follow thru of the breakout; near the oversold levels. Watch the 10yr yields.  Trade pressures are down. Volumes are bearish.

The next target down is 118-31 and would be a new short entry.  Oversold levels remain 115-09.

A close above 120-30 would resume the move higher.  The next target up is 122-28.

[2-13-24: Short at 118-31. Set the SL at 119-23. TP at 117-26.]

[2-14-24: Profit stop met in the first hour.]