Tuesday, November 29, 2016
Tuesday, November 29, 2016 Morning Bond Comments from MB
Good morning. Heavier calendar could lead to a volume pickup. I like fading the resistance areas but also want to buy in the support zone with smaller size. Of course, some of the 7:30 am cst eco releases could change some of this outlook.
I’m still using Dec 16 numbers on the US T Bond
154’11 (**) Resistance
154’04 (**) TGT 2 + Resistance
153’27 (**) First Higher Target + Resistance
153’11 (*) Early Pivot
153’06 (*) First Lower Target + Small Support
153’00 (**) Second Lower Target + Support Zone Begins
153’27 (**) TGT 3 + Mid Support Zone
152’22 (***) TGT 4 + Bottom of Support Zone
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Tuesday, November 29, 2016 #PreMarket Morning Crude Oil Comments from MB
Hello again. The buy the rumor last week seems to be resulting in a sell the news now as OPEC deal seems less certain. I’m watching the Jan 17 contract.
Please note I am settling into giving CL commentary so give me a couple days to “break in” please.
$47.00 (***) Target 2 + Stronger Resist
$46.65 (**) First Daily Target + Resistance
$46.10 (*) Early Pivot – Sets Bias
$45.75 (*) First Lower Target
$45.20 (**) TGT 2 + Some Support
$45.00 (***) Longer Term Pivot
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
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