Tag Archives: Copper
A.M. Look 9/10/12
Silver…33.30 was last qtr’s high, by remaining over ( or holding the breaks to 33.30) keeps Silver from having a deeper re-trace. This will be a descent short term pivot. Gold…just an observation about the RSI’s on a Qtrly chart. … Continue reading
A.M. Look 9/6/12
Copper…is poking it’s head up with an ORH day yesterday. Looking back at the cloud you couldn’t of had a better low to hold @ 340 ish. 355 is the first third coming back on a yearly swing with 360 … Continue reading
A.M. Look 9/5/12
USD/CAD…98.41 represents a double bottom on the Dollar chart. The corresponding futures level is 101.56, with 101.68 being the April high. This is the area that has to sustain above to rally. OIL…came down into initial support last night. Recovery … Continue reading
A.M. Look 9/4/12
AUD/USD and in particular the crosses AUD/JPY , EUR/AUD, AUD/CAD are extremely over stretched directionally on the daily charts. We expect to see some profit taking in these crosses this week to relieve the RSI’s, however there is still room … Continue reading
A.M. Look 8/30/12
MCP…the action is still in the individual names. Above 10.30, which is now support, you have an ORH week which looks to have a pretty high probability of completion at this point. Up 30+% in two days. The weekly buy … Continue reading
A.M. Look 8/29/11
General Comments…. There is nothing new to speak off this a.m. All eyes are focused on Friday. Model Trading Portfolio …………….. Stop Close Profit Points Long XCO 6.80 8.40/9.00 / 11 Long Gold Long GLD Long EUO/Short … Continue reading
A.M. Look 8/28/12
Silver…30.50 is the 200 day. 29.54-65 is Fib and mvg avg support. Gold…(Z) 1658-53.10 will be a tough area for initiating any kind of position either long or short. 1643.90 is the Dec 200 day. The front month and the … Continue reading
A.M. Look 8/27/12
30 Yr. Bonds…needs to sustain under 148 to start lower, and above 149.15 for higher. General Comments… There is just nothing to do here except to watch and wait. I’m surprised how little the Natgas and Oil have responded to … Continue reading
A.M. Look 8/24/12
Ground control to Major Tom? THANK YOU COMCAST General Comments… This will be a robot driven market the rest of the day. The metals will take over the weekend to play out. ( Do we go parabolic or roll back … Continue reading