The 10-Year US Treasury Yield: Sideways-Trading-Range on expectation of U.S. and Global fiscal simulative activities like corporate and individual tax relief and expectations of Fed balance sheet reduction

What could move the yield lower? Demand, Economic Weakness, Event Risk Concerns, or Other Market Concerns/Factors could take the yield lower

Possible corrective activity likely, but once complete the door is open for a decline to 87 or lower

Given global macro considerations coupled with no significant global anomaly event moving forward this index may have some serious weakness

Unless Middle East, North Korean, European, Venezuelan or other anomaly events start to dominate market participant decisions, then we are still in search of a low for the dollar

Cautiously optimistic as this index builds a base to move higher

Global government and Central Bank actual and anticipated intervention are giving every indication of bearing fruit

Bigger picture: Though dangerously spastic, global macro and growth forces in general remain supportive of the commodity sector

Consideration now needs to be given to a near term price floor being in place. The ongoing sideways choppy price action likely more bullish than bearish this week. The $45 to $50 trading range giving way to an upside potential of $55 or higher.

A complex, volatile and an uncertain market that deserves a great deal of respect in a world with building economic, social, political and homeland security uncertainties

North Korea, market structure, geopolitical considerations and building possibilities of a Venezuelan civil war are just some of the supportive factors

Regaining bullish momentum, closing above $10.22 and holding implies a likely price bottom in place

Given improving complex global macro forces a retest of the $9.00 area or potentially lower into the $8.35 area is becoming increasingly less likely

Assume bearish until price action becomes more supportive of a bullish case and give consideration to prices moving to their previous 2016 lows of $3.15 or below

Price action appears to be corrective

Remain aware of potential near term uncertain global economic crosscurrents related to currencies, bonds, equities and commodities as they go through a rebalancing process

This week may determine if the bullish bias remains with a price consideration of 91 cents

Holding current price levels implies a building bullish bias

Primary trend remains up

A cautionary time period with momentum waning and consolidation needed

Allow price action to provide guidance

Consolidation needed

Near term remain cautious of this index with momentum slowing

Allow price action to provide guidance

Primary trend remains up

Primary trend remains up

A cautionary time period with momentum ever so slowly declining

Allow price action to provide guidance

A cautionary time period

Allow price action to provide guidance