Oil…93.87 was the last high in Crude. Monitor the level for possible price rejection the first time up.
By maintaining above 92.75 this has a destiny with higher prices. The next set of macro stops are between
94.50-60 with mvg avg resistance @ 95.15.
USD/CAD…I’d like to be able to buy the Canada on an 80 pip break. The chart pattern is friendly and would keep it on
your radar screen on breaks.
BTP…the Italian ten year is back flirting with the 112.75-90 area. This area should be monitored for it’s effect on the Euro.
General Comments…
The Equity Indices are churning with a different stock in focus everyday.
Precious metals are holding their lower retraces for now but have yet to clearly breakout above key mvg avg resistance.
Model Trading Portfolio……………..
Stop Close Profit Points
Short Term View…We are using Monday’s closes ( 12/31/12) in everything for our trading bias for the qtr since all trading is bench marked against these closes.
Medium Term View… updated qtrly
These are static levels that do not change.
The Medium Term View will be included as a courtesy for our clientele in the A.M. Look. It will no longer be available in our archive section until the end of the qtr.