31st May - How High the Bonds?
31 May 2012
TECHNICALS:
US TNOTE WEEKLY CONTINUATION CHART
The weekly chart of the TNotes shows that the market is being driven by two triangles.
The major triangle has a minimum move up to 144.
The small one has a measured move up to 137.50 or so.
There looks to be a good deal more to come in this rally.
BUND WEEKLY CONTINUATION CHART
The clear bull structure of the Bunds is evident in the way the market has ratcheted better on the support from Prior Highs.
The consolidation on the support from the latest Prior High at 134.77 is a triangle – ascending - whose measureable minimum move is up as far as 148.
The bulls remain in charge.
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24th May - How weak is Oil here