Daily Archives: 06/29/2012

Crude Oil & OXY Weekly Charts

Posted on 06/29/2012

The ORH level in Crude Oil  is 85.60. The ORH level in OXY          is 85.11. We think there could be some follow through into early Monday, however we were only looking for 88 on this bounce in the Oil. Meaning … Continue reading →

Energy Traders…Energy Names

Posted on 06/29/2012

Natgas names are up big….lock in some money! Energy as well as everything else is overextended short term. Price action around 80.90 in the oil will be critical to sustaining a rally. We have meetings this A.M. and will be … Continue reading →

QQQ_-_Powershares_QQQ_Trust_Daily.gif

Posted on 06/29/2012

QQQ…63.46 is the 50 day mvg avg …the bottom of the cloud and natural resistance the first time up. Not a place to step out without further price action.    

30 yr. Bond Futures

Posted on 06/29/2012

147.07 is the 50 day mvg avg. 146.00 is the top of the cloud and we’ll pay for our TBT trade off this level. ( take some profits) The first level in the 30 yr. should match up with the … Continue reading →

A.M. Look 6/29/12

Posted on 06/29/2012

DE…a close over 78 puts in an ORH week CVX…104.65 for an ORH week Oil… 80.80-95 is resistance with buy stops above, with 82 ish being the next closing hurdle. Euro..126.20-30 is pivotal. CAD/JPY…put in a double bottom @ 76.60. … Continue reading →