Tag Archives: CME Group Futures
Silver
Monthly buy stops are resting just over 35.37 The next set of macro stop lie above last quarters high of 35.70. Sustained price action above this level should lead to another 2 dollars higher.
Oil
Point & Figure shows 105.60-80 is the short term hold level. Short term guys should monitor this level for more Risk Off. Watch your Spu levels!
CAT
116.55 is May 2011 high in Cat. It lost almost 50% of it’s value from that High. This is a big upside closing pivot level. Sustained price action above this level leaves little room for the Plungers ( Short Index … Continue reading
Gold
This is an accident waiting to happen. The Platinum will need closes over 1711 to drag this dog up. The first Thursday of this month I bought Gold here as well and got right out. Sometimes we just never learn … Continue reading
Portfolio Adjustment
We’re moving down to a 30% Long exposure to the Oil and related names @ 4 P.M. EST. This includes..OXY,XLE,USO,OIL Futures as well as our Long Canadian Dollar position. Although this is a capital flow which I believe will play … Continue reading
Spu’s…Pattern Alert
A new high brings the prospect of new plungers ( Short Sellers). Today’s game will center around 1355 for an ORL day.
A.M. Look 2/21/12
USD/CAD…98.80-99.00 continues to be the hurdle level ( Dollar support). This runs up to 101.37 in the (H) Futures. Simply put, don’t buy Futures strength/ sell Dollar weakness into this level. The Canada will need more than one attempt at … Continue reading
OIL…Futures Traders
April is now the lead month in OIL (H) April is trading app 30 cents over (J) We will be using the same approximate levels in April as march for now.