USD_  DXU18  #usdollarfutures

Weekly – Remains in the consolidation around the 95 level. Trade pressures are up but in a decline. Volumes have changed from bearish to bullish.

Daily – Three tests of the 95.22 level have failed to move higher. Trade pressures are down but rising. Volumes are mixed bullish to bearish.

The 93.60 level is the next short entry.

The April to June rally, or the demand for dollars, probably reflected the external demand for US exports. Can’t be sure of the reasons but food and grain exports would logically be the focus.

 

US 30YR T-BONDS_ USU18  #ustreasurybondfutures

Weekly – The weekly tested the 25×5 moving average and failed. Trade pressures are now down. Volumes have changed from bullish to bearish.

Daily – Short. In the move down from the 144-23 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 142-03.

A close above 144-02 would signal a new move up.

Lower stops to this new long entry (144-02).

[7-31-18: lower stops to 143-30.]

[7-30-18: Take the new profit target at 142-02. ]

[8-1-18: Profit stop hit at 142-02]