12th October - Consensus or confusion in Bonds?
16 October 2012
TECHNICALS:
WEEKLY CHART
The market’s clear trading range is well-established.
Note the gradual fall in volumes as the range has progressed.
Yet we still note the two weekly key reversals, favouring a breakout to the downside, eventually.
DAILY CHART
And the market has paused for the last two weeks creating an even tighter range.
And within that range, short-term , open interest has increased.
A degree of pent-up trading energy is manifest.
Noting the triple failure at 142, trading interest is concentrated on the downside.
Watch closely for a breakdown through both the short-term (140.71) and medium-term levels (140.23/52)
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18th Oct - Cotton Recovery Attacks 38.2% Resistance Again 
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11th Oct - EUR/USD Rally Pauses at 38.2% Resistance