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Considering that equities in this period are very shaky, Gold, which is a safe-haven asset, should be favored.
Despite this, we note that, at the end of a parabolic rally, it shows some signs of fatigue.
Therefore we believe that there is some possibility that april 2016 Gold Futures can reverse and begin a retracement towards lower levels.

Commitment of Traders

If we look at the COT Index, the commercials bearish stance could confirm our guess.

gold cot commitment of traders bearish march 2016 trading for purpose

Patterns and Volume Spread Analysis

Looking at the daily chart, we can see that the price is testing the latest top, facing a resistance level.
In recent days we see a shooting star (which can be defined as a pseudo upthrust, according to the Volume Spread Analysis), followed by two spinning tops (or something similar). These are signs of a possible reversal.

gold chart shooting star spinning top bearish trading for purpose

We cannot say with absolute certainty that gold is reversing, but surely it is testing a rejection level and it shows bearish setups.
Remember: this is not a trade solicitation and, if you decide to trade, you do it at your own responsibility.
After a pullback to test the descending 60 days ema, we might expect a decrease of March 2016 Random Lenght Lumber Futures in the short term.

Volume Spread Analysis

Yesterday ended with a spinning top doji with low volumes and the day before with a pseudo upthrust (shooting star candle), which, according to the Volume Spead Analysis, represents a possible reversal setup.

lumber futures shooting star upthrust volume spread analysis trading for purpose


Observing the seasonality chart, we note that expectations are soon bearish.

lumber futures seasonality bearish trading for purpose

Warning: this is a contract with very limited volumes and is therefore subject to remarkable manipulation.
Therefore remember: this is not a trade solicitation and, if you decide to trade, you do it at your own responsibility.

Is the time ripe for a bearish inversion of the 10-year U.S. Treasury Note future?

Looking at patterns (according to the Volume Spread Analysis), we could say that yesterday candle is a pseudo uphtrust (spinning top candle) with possible bearish implications. Today, we notice that until now the price has rejected again at the same level.

note spinning top upthrust

One of our preferred volume indicators - Volume Zone Oscillator - has reached an overbought level and shows a bearish divergence.
It is a further bearish clue, which could prompt us to enter short.

Remember: this is not a trade solicitation and, if you decide to trade, you do it at your own responsibility.

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