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10-Year T-Notes
Futures
This updated "Stealth" Channel is currently over
660 trading days old and remains in effect (see <A
href="http://www.hitech-analytics.com/10yr_t_notes_channel.pdf";>http://www.hitech-analytics.com/10yr_t_notes_channel.pdf).
A median line has been added to the chart. It appears prices want to stay
on one side or the other of the median line rather than
frequently criss-cross it.
Natural Gas
Futures
Monday marked a fundamental change in the trend for
natural gas prices that had remained since the all-time peak. Prices
definitively broke the lower channel support curve. While it is too early
to accurately define a new support curve, one has been estimated from two pivot
lows (see <A
href="http://www.hitech-analytics.com/natural_gas_channel_3.pdf";>http://www.hitech-analytics.com/natural_gas_channel_3.pdf).
This assumes the current low will not continue lower in the very
near-term. As stated before, the establishment of a S/R curve is an
evolutionary process. This chart also contains a median line which tends
to exhibit, at least historically, similar characteristics to the median line
depicted in the T-Notes futures chart. The upper resistance curve remains
solidly intact. As long as prices remain below this resistance curve, the
downtrend since the peak remains in effect. - Brian
Disclaimer: This
message and referenced charts are not trading advice. Trading in
futures involves extreme risk which is not limited to pledged margin
capital.
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