This upwards channel which at over 6 months old looking strong. At the top of chael now so looking for downards pressure for next week or two until it breaks up again or falls out of it completely.
US10 year currently bouncing from these two long term trend lines.
We're curently in a mini triangle pattern as shown below that may signify some bigger movement soon southwards.
Oil may retreat from this long term trend line. Oil dmeand is reduced due to global lockdowns. Price recently supported by Saudi cut. If price does fall significantly then the Saudi's may cange their supply again contributing to more price wars. Depends on relationsip they have with new US administration.
