Category: Currencies

US$$

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USD_ DXM24

Weekly –  Remains in the April 2024 uptrend.  Trade pressures are down. Volumes remain bearish.

Daily – Short.  Still in the move down from 105.73 on on 5/1.  Trade pressures are up but declining.  Volumes are bullish.

The next target down is 103.96.  The expected oversold levels rise to 104.21.

A close above 105.07 would signal higher. 105.24 is the lower expected overbought level.

 

US30YR T-BOND_ USM24

Weekly – In the April 2024 downtrend.  Trade pressures are now up.  Volumes are bullish.

Daily  – Flat . Resistance held at the Median line and the 200 day MA.  Trade pressures are down. Volumes are bearish.

The next target down is 116-10 and is the new short entry.  Oversold levels are 115-12.

A close above 117-048 would signal higher. Overbought levels are 118-19.

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USD_ DXM24

Weekly –  Remains in the April 2024 uptrend.  Trade pressures are down. Volumes are now bearish.

Daily – Short.  Still in the move down from 105.73 on on 5/1.  Trade pressures are down but rising.  Volumes remain bearish.

The next target down is 103.56.  The expected oversold levels decline to 104.20.

A close above 105.07 would signal higher. 105.81 is the lower expected overbought level.

 

US30YR T-BOND_ USM24

Weekly – In the April 2024 downtrend.  Trade pressures are now up.  Volumes are bullish.

Daily  – Flat . Meeting resistance at the Median line and the 200 day MA.  Trade pressures are up but have turned down. Volumes are neutral.

The next target down is 116-22.  Oversold levels are 116-02.

A close above 117-18 would signal higher. Overbought levels are 118-27.

US$$

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USD_ DXM24

Weekly –  Remains in the new April uptrend.  Trade pressures are up but declining. Volumes have returned to bullish.

Daily – Short.  Still in the move down from 105.73 on on 5/1.  Trade pressures are down.  Volumes remain bearish.

The next target down is 104.61.  The expected oversold levels decline to 104.89.

A close above 105.16 would signal higher. 106.12 is the lower expected overbought level.

 

US30YR T-BOND_ USM24

Weekly – In the April 2024 downtrend.  Trade pressures are down.  Volumes remain bearish.

Daily  – Flat . The long trade was stopped out on 5/9 at 115.93 for a gain.  Trade pressures are up but have declined to near the neutral zone. Volumes are bullish.

The next target up is 117-17.  Overbought levels are 17-28.

A close below 115-25 would signal lower. Oversold levels are 114-14.

 

US$$

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USD_ DXM24

Weekly –  Remains in the new April uptrend.  Trade pressures are up but declining. Volumes are now bearish.

Daily – Short.  In the move down from 104.79 on 5/3. The 106.46 target did offer resistance.  Trade pressures are down.  Volumes remain bullish.

The next target down is 103.20.  The expected oversold levels decline to 105.01.

A close above 105.16 would signal higher. 106.21 is the lower expected overbought level.

 

US30YR T-BOND_ USM24

Weekly – In the April 2024 downtrend.  Trade pressures are down.  Volumes remain bearish.

Daily  – Long. In a move up from 113-25 on 4/26.  Trade pressures are up. Volumes are bullish.

The next target up is 117-17.  Overbought levels are 122-15.

A close below 115-02 would signal lower. Oversold levels are 113-31.

Counter trend trade. Use tight stops.

[5-3-24: Raise sell stops to 115-16.]

[5-7-24: Raise SL to 115-30.]

[5-9-24: Stopped out for a gain.]

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USD_ DXM24

Weekly –  Remains in the new April uptrend.  Trade pressures are up. Volumes remain bullish.

Daily – Flat.  In the move up from 103.48 on 3/19. The 106.46 target is offering resistance.  Trade pressures are down but rising.  Volumes are bullish.

The next target up is that 106.48.  The expected overbought levels are 106.26.

A close below 104.73 would signal lower. 105.25 is the expected oversold level.

 

US30YR T-BOND_ USM24

Weekly – In the April 2024 downtrend.  Trade pressures are down.  Volumes remain bearish.

Daily  – Long. Sold down to the LML at 112-27 and now in a move up from 113-25.  Trade pressures are down. Volumes remain bearish.

The next target up is 117-17.  Overbought levels are 122-15.

A close below 113-10 would signal lower. Oversold levels are 112-11.

Counter trend trade. Use tight stops.

[5-3-24: Raise sell stops to 115-16.]

US$$

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USD_ DXM24

Weekly –  Remains in the new April uptrend.  Trade pressures are up. Volumes are now bullish.

Daily – Flat.  In the move up from 103.48 on 3/19 and now near the 106.48 target.  Trade pressures are up.  Volumes are bullish.

The next target up is 106.48.  The expected overbought levels remain 105.57.

A close below 104.25 would signal lower. 103.745 is the expected oversold level.

 

US30YR T-BOND_ USM24

Weekly – Breaking support, now in a new April 2024 downtrend.  Trade pressures are down.  Volumes are bearish.

Daily  – Flat. Sold down thru the 114-31 support, moving to the lower median line channel.  Trade pressures are down. Volumes are now neutral.

The next target down is the LML at 113-07.  Oversold levels are 112-16.

A close above 115-31 would signal higher. Overbought levels are 117-15.

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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.