David Fuller's view

The US 10-Yr Treasury Bond Yield (daily & weekly) has encountered support in the region centred on 1.8% for the third time since last October.  Moreover, it has proved to be a region of support since yearend 2008.  However, the consensus view among many commentators is that 10-Yr T-Bonds yields will move lower due to demand from European and Japanese investors, who have even lower yields on their government bonds.  We will see if this is correct over the medium to longer term.  Meanwhile, an extended break above 2% would increase the possibility that we are witnessing a slowly developing Type-3 base formation (ranging time and size, as taught at The Chart Seminar).  This would be coinciding with the gradually recovering US economy. 

The JPMorgan Indian Investment Trust (daily & weekly) has seen a big pullback and mean reversion towards its 200-day (40-week) MA since the temporarily overstretched rally to 600 in late January. It is also oversold on its Stochastics Indicator and near an area of potential support in the 500 region.  JII currently sells at a discount of -10.964%, according to Bloomberg.  (Please note: In the interests of full disclosure, JII is the main instrument for my long-term personal investment in India.)

Iron Ore (daily & weekly) has seen its best rally since mid-2013, and from a much lower level.  This is the first clear indication that Iron Ore has bottomed.  It is also overbought on the Stochastics Indicator, although it can remain O/B for a while, just as we have seen with lows over the last year or more.  If this is a V-bottom with right-hand extension base formation, as taught at The Chart Seminar, Iron Ore can easily rally further towards the declining MA, currently near 67, before pulling back in the right-hand extension phase.