The US Bond yields are back higher vs. yesterday’s closing levels (5 PM ET).
US bond and note yields are higher.
With the US stocks rebounding today, the flow into the safety of the US debt, has lost some of it’s luster.
US stocks are rebounding but off the highs now.
Oil made yet another new low in trading today but is back above the lows from yesterday at the 60.57 level. Picking bottoms is a dangerous game in this one but if the buyers are to take back more control, the price will need to get and stay above the 100 hour MA at 63.36 currently (and moving lower – see blue line).
Crude oil is back above the lows from yesterday.
Gold remains below a cluster of resistance defined by the 50%, 100 day MA and topside trend line (see chart below)
Gold stays below a cluster of resistance with 50%, 100 day MA and trend line in the way.
