![\"10-Year](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-20-tnx.png?w=525&ssl=1\" "\\"10-Year")
<\/p>\nThe yield on ten-year Treasury Notes followed through above 2.75, indicating a fresh primary advance, with a target of 3.50 percent*. Breakout above 3.00 percent would confirm. Completion of a 13-week Twiggs Momentum trough above zero (recovery above say 30%) would strengthen the signal. Reversal below the rising trendline is unlikely, but would warn of another test of 2.50.<\/p>\n
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* Target calculation: 3.00 + ( 3.00 – 2.50 ) = 3.50<\/p>\n
Rising interest rates would strengthen the dollar. The Dollar Index rallied off support at 79 on the monthly chart, suggesting a test of 84. Breach of the rising trendline, however, still warns of trend weakness, and 13-week Twiggs Momentum respect of the zero line (from below) would strengthen the signal.<\/p>\n
![\"Dollar](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-20-dxy.png?w=525&ssl=1\" "\\"Dollar")
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* Target calculation: 79 – ( 84 – 79 ) = 74 or 84 + ( 84 – 79 ) = 89<\/p>\n
Rising interest rates and a stronger dollar weaken gold. Spot gold broke support at $1250\/ounce, signaling a primary down-trend. A 63-day Twiggs Momentum peak below zero strengthens the signal. Follow-through below the next support level, the June low of $1200, would confirm. Recovery above $1260 is unlikely, but would warn of a bear trap.<\/p>\n
![\"Spot](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-20-gold.png?w=525&ssl=1\" "\\"Spot")
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* Target calculation: 1250 – ( 1350 – 1250 ) = 1150<\/p>\n
Nymex crude is undergoing a strong correction. 13-Week Twiggs Momentum crossing to below zero warns of reversal to a primary down-trend; a peak below the zero line would strengthen the signal. Expect strong support at $85\/$86 per barrel. Respect of support would mean that Nymex remains in a primary (albeit weak) up-trend. Diverging Brent crude reflects both a strengthening European recovery and continued supply threats in the Middle East.<\/p>\n
![\"Brent](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-20-crude.png?w=525&ssl=1\" "\\"Brent")
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Copper prices, bellwether for the global economy, respected resistance at $7400\/$7500 per tonne and are heading for another test of the 2011 lows at $6800\/tonne. Downward breakout would signal a primary down-trend, as would completion of a 13-week Twiggs Momentum peak below zero. Recovery above the descending trendline would be a bullish sign for the global economy, while breach of support at $6800 would be bearish.<\/p>\n
![\"Copper\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-20-copper.png?w=525&ssl=1\" "\\"Copper\\"")
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China is a primary driver of commodity prices and a strengthening Shanghai Composite Index has slowed the fall in commodity prices. Dow Jones-UBS Commodity Index broke primary support at 124, but is consolidating in a narrow range below the former support level. Recovery above 124 would be a bullish sign, while follow-through below 122 would indicate a decline to 114*. Completion of a 13-week Twiggs Momentum peak below zero would also suggest a continuing down-trend.<\/p>\n
![\"Dow](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-20-dubs.png?w=525&ssl=1\" "\\"Dow")
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* Target calculation: 124 – ( 134 – 124 ) = 114<\/p>\n","protected":false},"excerpt":{"rendered":"
The yield on ten-year Treasury Notes followed through above 2.75, indicating a fresh primary advance, with a target of 3.50 percent*. Breakout above 3.00 percent would confirm. Completion of a 13-week Twiggs Momentum trough above zero (recovery above say 30%) would strengthen the signal. Reversal below the rising trendline is unlikely, but would warn of … <\/p>\n