Tag Archives: Copper
Daily Market Intelligence 5/24/21
Daily Market Intelligence 5:24:21
A.M. Look 5/21/21
Spoo/Bond daily cloud reinforces the notion that we’re in a consolidation phase the can last a month before something gives. Price action is going sideways, which looks like a time correction, waiting for the cloud. Gold is gaining on Copper. … Continue reading
A.M. Look 5/20/21
Mvg averages matter!!! Bitcoin held its 200 DMA Spoo currently holding its 50 DSMA on retests. Gold/Copper…you’re looking at a swing from 1972! It held showing Gold gaining on Copper. Sustained closes over 4100, its 200 Month Mvg avg, is … Continue reading
A.M. Look 5/18/21
Spoo’s have a double top on the 50X3. They are in a range between yesterday’s low and last nights high. There is room on the 100X3 to print the high 80’s and back off again. Grains; Corn and Wheat want … Continue reading
A.M. Look 5/14/21
DAX is leading Index strength. 30 yr. Bonds are running the show. Follow the Bonds. Spoo…all about the Pit Gap resistance and the weekly point of control “4120.50” Copper has lost momentum against the Yuan. It needs to set up … Continue reading
A.M. Look 5/11/21
Indices are into their first downside levels. Spoo..put in the reversal on the 100 @ 4140 Nasd 100..13,063 is the top of the daily cloud. AMZN…3158 is the top of the daily cloud. Copper…will need sustained price action under 4.65 to … Continue reading
Daily Market Intelligence 5/11/21
Daily Market Intelligence 5:11:21
A.M. Look 5/10/21
Copper & Etherium are today’s standouts. Yes, the Yuan is strong. Spoo/Bond has a potential double top @ the channel line. This is no small thing!! Spoo back below 4211 will trap a lot of new longs. GBP/USD ..is leading … Continue reading
A.M. Look 5/7/21
Copper & Spoo are in play. Copper has broken out against the Yuan. Spoo…100X3 shows a double top, which I expect to see violated, leaving way to the target. Short term P&F’s ( 25X3 ) are more granular and will … Continue reading
Daily Market Intelligence 5/3/21
Daily Market Intelligence 5:3:21