Rollover is here for the Equity Indices. June is front month. I will not be commenting on the Indices for a couple[please of days. Oil support is into 92.25 Short term resistance is app 100 bbl. It was tempting to … Continue reading →

Risk spreads held momentum support last night with Spoos putting in an early low. Once the ES regained its 200 DMA it never backed off. Oil matched the price action with price rejection just shy of 103. Below 96.75, Oil … Continue reading →

Indices filled out the Point & Figure charts going into London’s session before rebounding off their respective 200 DMA’s. This initial patterns have been completed. It will be an end of day game to see who wants risk. Energy and … Continue reading →

Monday I listened to an FRA podcast with Trade Ferg. https://youtu.be/wfhcBVnHizs Apologies for the Video quality on this one but he had some interesting ideas. I’ve attached Coal and Ferg is particularly interested in Coking coal which I couldn’t find … Continue reading →

I remain skeptical that Trump’s rally speech will make a difference e in the path to Index targets. The metals responded with the A.I. names for a nice rebound. Gold is running and capping metals rallies.

I wrote everything last night and Friday. The room will open a couple of minutes late, then Stan will be in charge.

Oil has hit a qtrly resistance and target level. Hard to imagine that anyone would consider a short over the weekend. Above 86.60 there is room to 103. Euro…looking for the qtrly oil sell stops to be elected with a … Continue reading →

Oil…I’ll need to see all new strength over 78.10-20 ish for a move to 86+. The rest of the board is in a consolidation phase.

There were some pretty good extremes @ last nights highs in the metals , Oil and Indices. I seriously doubt that peace I going to breakout during the U.S. day session, making today a back and forth probe in metals … Continue reading →

Full Moon Trading. Do you believe now? Currently working on a new format to distribute my work. This will be focused on room subscribers that have a day job. The A.I. allows me to put out snippets during the day … Continue reading →