USD_ DXH17  #usdollarfutures

Weekly – New contract highs. Trade pressures are up and trending. Volumes remain bullish.

Daily – In the move up from the 98 level. Trade pressures are up. Volumes have changed to neutral from bullish as trading has paused for the holidays.

Consolidating at the 103.20 level. The next target up is the 105.20 level.

A move below the 101.40 level would signal lower.

 

30YR T-BONDS_ USH17  #ustreasuryfutures

Weekly – Remains in the long term downtrend. Trade pressures are down and are beginning to be extended. Volumes remain bearish.

Daily – Flat. Holiday trading has slowed the activity, but some divergences suggest some short covering. Trade pressures are down but rising toward the neutral zone. Volumes bearish but light trading and closing the week with a neutral day.

The next target down is still the 144-11 level on the weekly.

The 25×5 moving average is 150-02 and the new long entry level is 151-10, an important confluence. Watch this carefully.