Turning point around oil and the bond market

My first assumption oil to find resistance around 115$-120$ worked fine, but now the situation is getting more complicated.

US02Y finds support on (M)MA50 from the top, opening path to make another run towards 5.3% – but that’ll happen only once oil is about to … crash up

OIL – WTI also sits on (M)MA50 and retesting it from its top opening path towards 120$, but this US02Y (M)MA50 break makes me very unconfortable.

This trade opens path for USDJPY blow up. JPY view is on (W), because (M) is super bullish. Weekly support holds very well

Looking on US30Y I don’t have good news for bond bulls as this support around 5.15%-5.20% holds.

Considering US10Y super long term trend, there’s still a possibility of another retest to its 85Ys trend which sits now around 5.20%.

10Y/3M – still expects steepening and still it’s bear steepening once oil spikes. (M)MA200 sits around 1.2% here – that’s our next target.

So far all around the world bond markets blow up one after another and Iran has the keys which they don’t really want to give to anybody else, spreading the conflict towards new strait on Red Sea, and preparing to blow up the global economy. They’re on good path once US02Y holds (M)MA50 and OIL holds (M)MA50 too.

Once I was sceptical to break 115-120$ oil during the first attempt, I’m no longer sceptical about this break the longer the market wants to go higher. Next emerging level is 147$ for oil. Infamous 2008 peak value.

Of course I don’t need to tell you everything will become invalidated once everything will reverse below those levels.