A.M. Look 1/5/18

Here is your morning look;

Oil…needs a print into 61.20 to put in a reversal on the P&F. This is something you’d like to see for a sustainable pattern to relieve an overbought condition.

Dax & Dax/Bund are putting in an ORH week with its U.S. counterparts Spu/Bonds & Nasd /Bonds leading.

Spu’s & Nasd 100 are currently showing breakaway gaps again this A.M. going into the New York session.

Yesterday’s U.S. session Pit Highs

Spu’s…2729.
Nasd 100..6615.75.

Yield Traders with flatteners on should look for a rally in the short end to reload since that is the most oversold part of the curve.