Options Bonds Crude NYSE

Published: Sun, 02/24/19

24 February, 2019

Another week gone by but even if things are moving in slow motion it should be clear where they are eventually headed. I am not losing focus on the ball here. So here are this weeks insights that intend to do just that.

NYSE Composite

At the 78.6% retracement the recent move is at the top end of a trendline of the recent highs. and the 78.6% retracement, and the wave IV high of the previous decline. Yes we continue to try to pin point the end of wave 2 and start of wave 3 down.

nyse210219

Crude

Oil hit a new high and is trading above the 20 week average at 56.90, but the week is not over. So looking at the 93% daily sentiment index, showing extreme bullishness I wonder if we get back below the average by the weekend and fail to go above it, lets see.

crude 210219

Indian 10 year bond yields

Indian bond yields are holding their own for now and in early stages of wave 5 up as shown below. Even as RBI intends otherwise. This is a fight to the finish just getting started.

gsec 220219

Options Chain

At the end of the day the Options chain for the coming expiration is revolving around the 10700-11000 trading range. So from 10600 the support moved up to 10700 after yesterday's expiry of weekly options.

oi220219

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Rohit Srivastava
www.indiacharts.com
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