What a difference in a year! Around this time last year, the Euro was on its deathbed testing major support around $105.00. I published two charts on the subject this time last year. Who would have predicted this major uptrend looking at last years chart?
Euro 6-Year Weekly Bar Chart
Where is the bottom for the Euro in 2017? published January 8, 2017
Euro testing major support around 1.05 US dollar published December 8, 2016
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Reference the last chart analysis for the U.S. 10-Year Treasury Yield
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A long-term chart of the 10 Year Treasury Yield for 1962 to 2017
http://www.macrotrends.net/2016/10-year-treasury-bond-rate-yield-chart
From 1916 to early summer of 2016, the yields on 10 year U.S. treasury notes have varied widely, from a 100 year low in 2016, when the rate fell to less than 2 percent—1.71 percent in June of 2016—to a high for the same 100 year period of 14.59 percent in January 1982.
https://www.thebalance.com/historical-u-s-treasury-yield-charts-417126
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http://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices
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Four -Year Chart for West Texas Intermediate
Reference my last chart for West Texas Intermediate when crude was about to test resistance at $60. The reversal of roles from resistance to support or support to resistance is an important concept in technical analysis.
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https://www.barrons.com/articles/another-big-ge-stock-buyer-centurylink-unit-1515524629
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I recommended and took a major position in Teck Resources on December 17, 2015 below $5.00
https://tradeonline.ca/2015/12/17/is-this-the-bottom-for-teck-resources/
https://www.teck.com/investors/
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The following chart is an update showing the break above 2.00%
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