Thursday, December 8, 2016
Thursday, December 8 2016 Morning Bond Comments from MB
Bond market was trying to build a floor for much of this week but just broke key areas as ECB hitting the wires.
I would not consider buying today (as of 7:00 am). I like fading a rally at the (**) levels. However, given the sensitivity of this market to ECB reaction, I am hesitant to give exact trade ideas.
151’19 (***)
151’09 (**) TGT 3 + Bears Need to Hold
151’00 (*) TGT 2
150’18 (*) First Higher Target + Small Resist
150’06 (**) Pivotal for Control
149’17 (*) TGT 1
149’11 (*) TGT 2 + Small Support
148’30 (*) TGT 3 + Small Support
148’11 (***)
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Thursday, December 8, 2016 Morning Crude Comments
Crude $50 gave way, intraday charts showing lower highs and lower lows, now the question is, how sufficient is a 5% pullback?
If the morning is slow to moderate in terms of volatility, I like buying $49.70 with small size, risking .25 to make .50, or selling the $50.45 price risking .25 to make .75.
$51.00 (***)
$50.75 (*)
$50.45 (**) First Higher Target + Bears need to Defend
$50.00 (**) Pivotal
$49.70 (**) First Lower Target + Support
$49.39 (*) Second Lower Target
$49.08 (*) Third TGT + Some Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Wednesday, December 7, 2016
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