Yields, Copper and Nikkei
Some quick thoughts I just shared on twitter. Charts are valuable. Notes on these:
1) 10 Year U.S. yields are climbing higher. Now very close to strong 7 year-long trend resistance. Breakout above 3.0 levels could be a “game changer”.
2) Nikkei 225 has strong long-term resistance at 16,000 levels. As it approaches to that level, expect weakness.
3) Copper might be forming a medium-term base at these levels. Breakout above 3.35-3.50 will be bullish in the medium-term with a price target of 4.
$ZF_F 5 year U.S. T-Note completes pullback after major breakdown. Can #bonds start another leg downwards? Important! pic.twitter.com/CZjAoCaBHw
— Aksel Kibar, CMT (@TechCharts) December 4, 2013
"Game changer" one more time. Breakout above 3 levels will reverse 7 year-long downtrend on yields. pic.twitter.com/jri6voP3vC
— Aksel Kibar, CMT (@TechCharts) December 4, 2013
16,000 is an important resistance for #NIKKEI As we get closer expect weakness. #JAPAN $NKY pic.twitter.com/LUOc6Us83v
— Aksel Kibar, CMT (@TechCharts) December 4, 2013
From a longer term perspective 3.35-3.50 area will be important. Breakout could send the price towards 4 levels. pic.twitter.com/26BLi3AbGB
— Aksel Kibar, CMT (@TechCharts) December 4, 2013
Here is why I think Copper might be forming a medium-term base at these levels. #COPPER #COMMODITIES $HG_F pic.twitter.com/mQJR0oZKLH
— Aksel Kibar, CMT (@TechCharts) December 4, 2013
