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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.]