US Bond Yields
Normally I ignore the 2y but that is quite the failure swing while the rest of them made a lower low, although the 5yr failed to make a lower low from the 5/14 yield. Would hint to bullishness for the USDx tomorrow.
Futures
Currency Futures
No more backwardization. No bullishness for cable or fiber.
Open Interest
Open Interest
Nice climb for fiber. Not much for cable. A sharp drop means the commercials are lessning their longs and a sharp move north for price could be expected. (unfortunately I don't think my source for open interest is very current and the chart shows the drop well after the move).
Equities
DJA makes a lower low on a Jan. fractal low but Nasdaq and S&P fail to. Would hint to a risk on environment tomorrow which would be bullish for cable and fiber (bearish for USDx) but I'm not willing to put much weight on the fractal low being used. In other words it isn't a super important price level to be concerned with.
This is only on the 15 minute chart but still cable continues lower while fiber had made a higher high.
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