T-line broken and retest w/ close below next level 106-22. followed by 106-16 and 105-24+ seems to look like a major place for a conjestion area. Good rejection of highs with candle selling today. Time for a reversal will volume picking up today.
Read this, you have a Final Test on monday( minimun score in 95%) http://www.commodities-trading-systems.com/intermarket-relationships.html
"Itâs clear from the results that there is a consistent intermarket relationship between the Swiss Franc, the Dollar and the CRB." No kidding? I think all me and bernard are wondering is if there is any similarly "inherent" relationship between currencies and bonds; the only direct thing I've seen is the reaction to the TICS data. But nothing on the order of say, if the euro is up 100+ pips on the day, we would expect gold and oil to be higher as well.
Price Projection Numbers 111 24 110 12 109 01 Important numbers from the last couple of weeks 111 08 111 04 110 28 110 21 110 08 110 01 109 29 My bias is neutral to bearish. I'll be looking to short from 110 12 or better.