16 November 2023 – 08:58 Central Euro Time

Both the Bond and Gold are at present above today’s Neutral Zones; the rest of the BEGOS Markets are within same, and volatility is mostly light ahead of a busy day for incoming EconData. Silver’s daily Parabolics flipped to Long effective today’s open (23.510): the average maximum follow-though of the past 10 such studies (either Long or Short) is 1.695 points. At Market Trends, the Bond’s “Baby Blues” are above the key +80% axis; upon their eventual decline below that level, we’d then anticipate lower price levels. Included amongst today’s seven incoming metrics for the Econ Baro are November’s Philly Fed and NAHB Housing Indices, along with October’s Ex/Im Prices and IndProd/Cap/Util.