(Feb.25, 2013)US Treasury Long Bonds Continue To Climb;

We have been warning traders to continue to trade the March Long Bonds from the long side on dips, as we have been doing now since the first of the year.

Indeed we were buyers of the Long Bonds once again in Thursday's trade on our standing orders at 143.20, which we sold on Friday's close at 144.00.

We are watching the 144.16 level in the March Long Bonds and that a close above 144-1/2 would prompt fresh short covering from institutional short sellers.

The March Dollar Index continues to move higher, although it is now meeting resistance at the next up -- meaning 81.70/ 80 resistance level.

We think this resistance will be held for now, as we think that Euros are not coming below 1.3100 anytime soon. We continue to short the March Euros on moves back above 1.33.

March Oil – we had been warning of a crack in the March Oil, being the single most overbought industrial mineral on the boards.