Category: Currencies

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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.

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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.

 

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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.]

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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.

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.