Tag Archives: Copper

A.M. Look 7/13/12

Posted on 07/13/2012

Oil…is trading @ the 50 day around 87. Sustaining above can lead to a test of 90. Weekly buy stops are around 89. Spu’s…I need to see a close over the low 1340’s moderately to be positive and a close … Continue reading →

A.M. Look 7/12/12

Posted on 07/12/2012

Spu’s…as long as the Spu’s don’t close back over 1341 the board will trade Risk Off. Closing today under 1333 will be negative and have us looking for another 40 points of downside. 1324.50 Spu matching Nasd 2540 can be … Continue reading →

A.M. Look 7/11/12

Posted on 07/11/2012

Welcome to the Mid-Week Shuffle… Oil…83.00 +- 10 ticks is a key Fib level which we failed to reach yesterday. The oil never acted as bad as the Equity indices yesterday. 85.20 ish looks to be the top of value … Continue reading →

Metals Alert!

Posted on 07/10/2012

Both Gold & Silver are attempting ORL all session day as well as completing ORL Pit session patterns. “1581 Gold”…27.09-16 Silver. This is the same pattern as the Equity indices. Copper…under 340 does not act particularly well, while many of … Continue reading →

A.M. Look 7/10/12

Posted on 07/10/2012

Spu’s…1338…1357…1381…Pick a # and pick a side. Oil… is setting up to break this range. This will be a price action trade based off the Risk paradigm of the entire mkt. General Comments… Trade what you see. Model Trading Portfolio … Continue reading →

A.M. Look 7/9/12

Posted on 07/09/2012

Gold…is in an 80 dollar range. Traders of this metal should be aware of the Eur/Gold spread. EURO…The Fibs on the Point & Figure chart are for the life of EUR/USD, not the extrapolated old D-Mark. 30 yr. Bonds…Friday saw … Continue reading →

A.M.Look 7/6/12

Posted on 07/06/2012

Spu’s…The chart pattern does not look great with an ORL day on the all session chart. Sustained price action below 1356.50 ( the qtrly close) can lead to a descent sell off into the 1330’s where buyers should be found. … Continue reading →

A.M. Look 7/5/12

Posted on 07/05/2012

USD/JPY…79.20 ( 126.40 Futures)….80.10 ( App 125 Futures) is the trading range. Monitor these levels for a breakout. 30 yr Bonds…are in a 2 point trading range. leave the stops as is in the TBT. We’ve seen where the Bonds … Continue reading →

A.M. Look 7/3/12

Posted on 07/03/2012

Oil…as long as 82 holds on the breaks we’ll see the upper tgt’s of 88-90. Look to the names to play. Sugar…as long as 21.04 holds this is going higher. Buy the breaks against this level. Soybeans…look for the Nov. … Continue reading →

A.M. Look 7/2/12

Posted on 07/02/2012

Full Moon Trading…. July Soybeans…expire today. November (X) is now the most active future. Spu’s…need all new closing price action over 1362 for more upside. AUD/JPY…82.50 is a significant resistance level in this cross. Resting stops are just above 83.30. … Continue reading →