Tag Archives: Copper
A.M. Look 2/25/13
Full Moon Trading… Euro…132.82 is first resistance with 133.15-30 being a key closing level for more upside. EUR/AUD…128.80 is closing resistance EUR/GBP…87.70 ish is resistance…sustaining above, look for another figure. Oil…94.46 is the pivot. Nasd…sustaining above 2758.25 is price positive. … Continue reading
Copper_(Globex)_Daily_Continuation.gif
Copper is currently trading below the 200 day, however 350-1 will be over extended and very problematic for shorts the first time down.
A.M. Look 2/22/13
ORL Weekly levels … Spu…1510 DJI…13,906 Nasd…2753…. Russell… 90750 Midcap 400…11,022 Platinum…1600 is support and fib matches. 1640 is near mvg avg resistance. 1654 is fib resistance. Watch for market tone. This is a risk indicator. Silver…march options expire Monday. … Continue reading
Copper Monthly Continuation
This is the chart that can screw the most amount of players. It is a Risk Indicator. Copper is currently hovering right on the 200 day mvg avg. @ 355.35. Recovery back over 360, which is the monthly reversal #, … Continue reading
A.M. Look 2/19/13
Oil…by maintaining below 95.70 (H) we’re looking for 93. April oil becomes front month tomorrow and the #’s will line up differently. Copper…weekly support comes in between 365-366. 360 is the key monthly level with stops below. Silver…30.66 is mvg … Continue reading
A.M. Look 2/4/13
30 yr. Bonds…Macro sell stops lie @141.30 with 139.15 being the first multi- year fib support. Friday saw an ORL day. Only sustained price action over 143 would be positive. Gold…needs to minimally stay above 1676 to go higher. Oil…stops … Continue reading
A.M. Look 1/2/13
We urge every investor to review the names they are interested in before the game starts in the A.M. Spu’s…1428-34 is the near term support area. Closes over 1446 put this on a positive footing with closes over 1462 confirming … Continue reading
CPE_-_Copper_(Globex)_Daily_Continuation.gif
Copper…has had a pretty big and fast sell off. It’s into Fib support @ 351.75. It would need to close and sustain below this level for more weakness. I am not advocating doing anything…Just watch for mkt tone.
A.M. Look 12/18/12
30 yr.Bonds…expire today. 146.05 was the Oct. low and close to our last short exit. closing under that level will keep the Bonds under pressure until year end. We’ll monitor the price action for a possible short in the 30 … Continue reading
A.M. Look 12/7/12
Welcome to Pearl Harbor Day. Seriously, this is just another un-enjoyment day when my best work will be done with my trading mask and mail gloves on. Spu’s…1427-32 is resistance…Mid 90’s then the mid 80’s on the downside..the levels have … Continue reading