Bonds had a pretty eventful week last week pushing up to test 171^04 but closed back near where it started the week.
Bonds continue to hold above the 167^17 and 168^07 supports but have yet to move up with any enthusiasm.
Since the US cash markets are closed today, I have been working on some charts I haven’t posted on lately.
Bonds finally put in a possible precursor to a reversal candle last week where it dipped to test 167^17 but recovered 168^07 and a bit more by the end of the week.
I’ve been looking for bonds to firm up but have been a little thrown off by the overlapping yet broadly trending drop over the past several months.
Bonds have been stuck running sideways for two months now.
Normally I would say this week would be expected to be dull but this hasn’t been a normal year.
Resist at 174^02 has held bonds back for the last two weeks.