The daily 8 MA's has turned up and crossed the sideways to down moving 21 day MA's. The falling 34 and 50 days MA's are giving strong resistance and the turnover are low in the big markets. Technically the daily trends are now up and a trial of the weeks highs could come on positive news. On the other hand the R points are very strong and if a rally would come today I think the movement could be strong. See about the US 10 year note below.
Every market in the world seems focused on the Greek election on Sunday. The Euro moves slowly up but has a very strong R point to take out. Gold is holding up and Oil has stopped taking new lows. The US 10 year notes is the only item that moves with long weekly swings and is now very close to a daily downtrend which could start very soon. Watch up for that.
Every market in the world seems focused on the Greek election on Sunday. The Euro moves slowly up but has a very strong R point to take out. Gold is holding up and Oil has stopped taking new lows. The US 10 year notes is the only item that moves with long weekly swings and is now very close to a daily downtrend which could start very soon. Watch up for that.
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