June S&P Futures: Switched to the June contract yesterday. I think the overnight low of 1280.75 will hold and that the next swing will reach the 1325 level.
June Bonds: The bonds are in the second upward phase of their rally and should reach 111-16 soon. I think the market is on its way into the 107-108 zone over the next few months.
June 10 Year Notes: Support is still at 106-12 and I think the notes will rally to 107-12 or so over the next few days. I think notes will reach 104 or so in a few months.
Cash Eurocurrency: The next downside target is 116.70and resistance stands at 120.00. A drop to 113 and below is underway.
April Crude: Downside target is the 56.80 to 57.20 zone. Crude is headed for 52.00 and eventually lower than that.
April Gold: Resistance is at 550 and the market should reach 512 in a week or two.
May Silver: Silver is headed for 850. Meantime I think there will be a second upward phase to the rally from 967 which will carry to 1012 or so.
Google: Support today is 341 and the next significant development will be a rally to 405 and then to 495.
1 comment:
320$ to fill the gap, 333.5$ the min up to now.
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