USD_ DXU18  #usdollarfutures

Weekly – Now Five weeks of consolidation at the 95 level. Trade pressures are up and trending. Volumes closed as bearish.

Daily – The mid-week run up retraced completely with Friday’s move down. Trade pressures are down. Volumes are bearish.

Still in the move up from the 94.28 long entry level.

The next target up is 99.75.

A close below 93.67 would signal a new move lower.

 

US 30YR T-BONDS_ USU18  #ustreasurybondfutures

Weekly – Broke above the 25×5 moving average three weeks ago. This move down is testing that 25×5 for support. Trade pressures are up but declining. Volumes remain bullish.

Daily – Short. The move down thru 144-23 on Friday triggered this short entry. Trade pressures are down. Volumes are now bearish.

The next target down is 142-02.

A close back above 145-17, the Friday high would cancel the trade.

Use that 145-17 as the stop.

Since the weekly is still showing upward pressures keep stops tight, moving them to break-even as soon as the market permits.