US 10YR FUTURE TECHS: (M5) Bear Mode Condition

May-14 10:35

* RES 4: 112-20+ High May 1 and a bull trigger * RES 3: 112-01+ High May 2 * RES 2: 111-22 High May ...

Historical bullets

OUTLOOK: Price Signal Summary - Gold Bulls Remain In The Driver's Seat

Apr-14 10:33
  • On the commodity front, the trend condition in Gold remains bullish and last week’s rally confirms and reinforces this condition. The yellow metal has traded through $3167.8, the Apr 3 high, to resume the primary uptrend and trade to fresh all-time highs. Moving average studies are unchanged, they remain in a bull-mode position highlighting a dominant uptrend. Initial firm support lies at 3063.4, the 20-day EMA. Sights are on 3291.8, a 1.00 projection of the Feb 28 - Apr 3 - Apr 7 price swing.
  • In the oil space, a bearish theme in WTI futures remains intact and last Wednesday's rally is - for now - considered corrective. The move higher is allowing an oversold trend condition to unwind. Recent weakness has resulted in the breach of a number of important support levels, reinforcing a bearish threat. A resumption of the bear cycle would open $54.26, a 2.236 projection of the Feb 11 - Mar 5 - Apr 2 price swing. Initial firm resistance is seen at $64.85, the Mar 5 low and a recent breakout level.

LOOK AHEAD: Monday Data Calendar: NY Fed 1Y Inflation Expectations, Fed Speak

Apr-14 10:31
  • US Data/Speaker Calendar (prior, estimate)
  • 14-Apr 1100 NY Fed 1-Yr Inflation Expectations (3.13%, --)
  • 14-Apr 1130 US Tsy $76B 13W, $68B 26W bill auctions
  • 14-Apr 1300 Fed Gov Waller economic outlook (text, Q&A)
  • 14-Apr 1800 Philly Fed Harker on role of Fed (tex, Q&A)
  • 14-Apr 1940 Atlanta Fed Bostic fireside chat on policy

US INFLATION: MNI US Inflation Insight: No Tariff Surge Realization In March

Apr-14 10:15