Monthly Archives: June 2012

Crude Oil & OXY Weekly Charts

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

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

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

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

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

Gold & Silver…JJG

1545 is near term support in the Gold. The macro failure level is around 1525. Silver has elected the macro stops under 26.20. As long as there is no significant recovery over 26.50 this can go to 24.40. JJG…we’ll start … Continue reading

A.M. Look 6/28/12

USD/JPY…79.22 ( app 126.40 Futures) will be the key to the yen crosses this A.M. Euro…only recovery back over 125.25 would show any type of bottoming action. Natgas…sustained price action under 2.74 will lead to profit taking General Comments… GDP … Continue reading

Corn…Monthly Continuation Chart

NATGAS Names

XCO…seems to be the best of breed. 7.20 was last months close. Look to buy this against 7 on weakness with a half dollar stop. maintaining these levels will tgt the high 9’s. CHK…already had a big rally off 13.30 … Continue reading

A.M. Look 6/27/12

USD/JPY…As shown on the point & figure is coming into Yen resistance ( App 126.30 ish in the Futures) AUD/JPY…80.15 will be pivotal for general market tone. Maintaining above ( it’s Risk ON). Oil…as previously stated 6/25/12, has a trad-able … Continue reading