16th February - The quiet drama of US Bonds
16 February 2015
TECHNICALS:
Weekly TNote chart
The medium-term to long-term chart suggest that there was a break of the long-term uptrend in mid 2013.
The market paused after the initial failure, and then rallied,
But that rally may have stopped.
Two resistances have combined – the original diagonal and the horizontal from the 130.71.
Daily US TNote chart
In the short-term chart the market failed to consolidate above the prior high at 129.89.
And in so doing caused a BEAR Double Top to form.
That has now completed.
The minimum possible bear move on the downside?
Down as far as 126.50. Yet that suggests a further breakdown too: of the diagonal from September 2014. Possibly triggering further sell-offs still.
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19th Feb - CRB Index Rebounding Off Support 
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13th Feb - Cotton Downmove Slowing