USD/JPY…point & Figure shows a double top ( Bottom in Futures) @ 94.40. Our downside tgt of 106.20 futures/ 94.16 USD/JPY has been reached. 105.32 Futures is the next level of interest. EUR/AUD…as long as this remains over 130.40 this … Continue reading
EUR/AUD…needs a close over 130.60 for higher. AUD/USD…102.56 is last weeks low, with recovery over 103.11 ( 200 mvg avg needed for higher) 102-102.30 is a multi year pivot zone. GBP/USD…having failed near the 200 day mvg avg, closing under … Continue reading
This is currently showing the same pattern as the Spu’s.. Risk off! 130.56 is the ORL # 130.25 is the yearly close. 129.22 is the next support
30 yr. Bonds…Macro sell stops lie @141.30 with 139.15 being the firstĀ 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
Oil…98.09-25 is resistance and the closing upside pivot. A couple of closes over this level will be needed for more upside. 30 yr….recovery over 144.02 is needed for a trad able low. Monthly stops are under 141.30. Euro…Eur/Aud…have all come … Continue reading
Oil…Feb. expires today. March is the Month you should be following. Natgas…Feb. expires next Tuesday. 3.71-3.76 is resistance in either month. Soybeans…closing and maintaining over 14.60 will lead to a test of just over 15. USD/JPY…we were looking for 90+ … Continue reading
Euro…130.60-30 is first near term support. “131.66” is the key level to focus on. Closing below this level Friday puts in an ORL week. USD/CHF…has the same pattern with 91.84 being the cash level to close over. GBP/JPY…below 140.56 this … Continue reading
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
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