USD_ DXM17  #usdollarfutures

Weekly – In the retracement within the October 2016 uptrend. Trade pressures are down. Volumes remain bearish.

Daily – Spent the month trading down to 98.35, within 15 cents of the 98.16 downside target. Trade pressures have risien into the neutral zone. Volumes are mixed, bullish to neutral.

This rally has taken price to the 25×5 moving average resistance.  The next target up is 100.68.

The next target down remains the 98.16.

 

30 YR T-Bonds_ USM17  #ustreasuryfutures

Weekly – 145-28 produced a 13 week double bottom. The ensuing four week rally to a new weekly long level has been stalled at the confluence of old downside target of 155-31 and the downtrend resistance line. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Flat. In the move down from the 153-28 short entry level. Trade pressures are down and trending. volumes are bearish to neutral.

The next target down is 148-19.

A close above 152-15 could signal a new move up.

[5-17-17: The new long entry is triggered at the 152-15 price.  Set stops at 150-07]

[5-18-17: raise stops to the 152-15 entry.]