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Daily Archives: 06/04/2012
USO United States Oil Fund Daily Chart
I know some of you guys are looking for a short term long to see if we get another rally into mid-week. USO could be a good candidate. The chart pattern shows a double daily bottom to manage your risk … Continue reading
It’s Summertime…
The Robots are in charge..the Homo Sapiens, the smart ones are enjoying the cafe society. Price action above 1271 Spu’s will run out new shorts. Look for this to run all the spreads and commensurate surrogate trades.
BTP Futures Daily Continuation Chart
The Italian 10 yr bonds are trading at resistance. Price action above this level will give way to 103.30 on the weekly charts. We’re mentioning this because it’s telegraphed Euro Currency Movement (EUR).
A.M. Look 6/4/12
Full Moon Trading Tonight, that means half the world has their Ouija Boards out and you should have your track shoes on. Spu‘s…the downside levels will remain static. 1252.60 is last years close. 1243 is the next meaningful Fib support. … Continue reading