Tag Archives: Copper
A.M. Look 12/6/12
AAPL…anywhere between 525-536 is potentially a bear trap today. Selling weakness into this area is not good risk management. Sustaining below 525 the acceleration can continue. NATGAS…3.47 has been support and the upside pivot for the past month. 3.72 is … Continue reading
A.M. look 12/5/12
Spu’s…need all new strength over 1414 or all new weakness under 1400. EUR/JPY ….106.91 is the key closing hold level. Euro…130.45 is the key closing hold level. Oil..89.00 will be early resistance. Sustaining above 89.50 will be the first sign … Continue reading
A.M. Look 12/3/12
Equity Indices…No change from last week. We expect to see some early positive flows (buying). This means the day will be a time frame trade and we’ll remain vigilant for changes in capital flows. Copper…365-8 is the resistance area, only … Continue reading
A.M. Look 11/26/12
Spu’s…1410.50-1415 is the area Bulls need to see acceleration over for more upside. AAPL…574.50-580 is resistance. Closes over 582 are needed for more upside. Copper…351+- a point will be a key hold level. 30 yr. Bonds…151.06-15 is still pivotal. General … Continue reading
A.M. look 11/19/12
USD/CAD…price action under 99.85 should help with a Risk On Board. ( App 100.10 Futures) OIL…86.65 will be a short term pivot. With a Risk on board, look for 88.60 and then 90. 30 Yr….150.15 should still be good hold … Continue reading
A.M. Look 10/31/12
We know that many of our friends are without Power or internet on the East Coast, our thoughts and prayers are with you! Spu’s…1426-30 is the lowest risk sell area. As of this writing sustained action back below 1412 will … Continue reading
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Copper…is at an inflection level. Last night’s high failed at a major moving avg crossover, which is a big technical failure. The low is Fib support for this swing and the level should not be pressed first time down.
A.M. Look 10/11/12
Nasd 100…2715-20 now becomes the key hold level and near term pivot. Spu’s…the resting stops are below 1425. They elected them last night…now all new strength over 1437 will run out all the shorts. Euro…128.22 is the 200 day mvg … Continue reading
A.M. Look 10/2/12
Bunds…140.96-141.01 is support. 142.31 is resistance. Were watching these levels for clues as to direction off the DAX/BUND spread. Copper…maintaining over 377 keeps a positive tone with 382 ish being near term resistance. General Comments… The Equity Indices are still … Continue reading
A.M. Look 9/28/12
Euro…129.59 is unchanged on the year. Presently it’s struggling. 30 Yr….150.16 is unchanged on the month. General Comments… I’m not remotely interested in anything that happens today. It’s all about the closes! Qtr end markings are not a game we’re … Continue reading