Weekly – Four weeks in the new move down. Trade pressures are down. Volumes are bearish.
Daily – In the move down from the 96.98 short entry. Trade pressures are up into the neutral zone. Volumes are neutral.
The next target down is 95.62.
A close above 96.82 would signal higher.
US 30YR T-BONDS_ USGH20
Weekly – The test of the November lows held support. Trade pressures are up in to the neutral zone. Volumes are bullish.
Daily – Long. In the new long trade from the 156-16 long entry price on Friday. Trade pressures are up. Volumes are bullish.
The next target up is 158-14. This is a retracement trade with resistance at 158-14.
Raise stops to the entry price of 156-16.
A close below 155-27 would signal lower.
[1-8-20: After an overnight run up to 159.59, stopped at the breakeven, 156.50.]