Midday Missive

OXY…just double bottomed on a daily chart. This is a great low risk buy with a stop below today’s low.

FXI…China either holds right here @ 38.10 or it breaks to 37.

EUR/AUD…should continue up moving a figure at a time.
While it’s overbought on most time frames, the long term tgt’s are much higher.

IBB…has the same chart pattern as China. 211 would be the ideal buy level, but it’s looking like 214 is about as much as you’re going to get if the Equity Indices remain above their ORL #s

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