Oil…needs a close over 95.00 for another leg up. Pattern breakdown starts to occur under 93.50. Look for this to move in 75-80 tick increments. Leave the trailing stop on our remaining longs @ 93.20. AUD/JPY…macro buy stops from 2007 … Continue reading
Euro…130.60-70 acted as the downside pivot and first support on Friday. It will now act as the near term resistance. USD/JPY…95.60 needs to be given to see further Yen strength ( App 104.60 H Futures) EUR/JPY…put in a new high … Continue reading
Welcome to unenjoyment…and for your added pleasure USDA Crop Report @ 11:00 CDT. Where’s Beeks when you really need him! AUD/JPY…97.76 is last months high( maintaining above is price positive). This will trade up or down with the Spu’s. EUR/JPY…maintaining … Continue reading
EUR/JPY…is in major profit taking mode after USD/JPY printed the 94.16 tgt. 122.35 ish then 120.65 are the significant Fibs coming back on the year, with 120.65 the low risk buy zone. Yen Futures…108.60-70 is mvg avg resistance. A close … Continue reading
Spu’s…1512 bid gets it going. USD/JPY …92.19 (108.47 Futures)…91.30 (109.52 Futures) is the First big Fib back on the year. CAD/JPY…92.14 is support EUR/JPY…122.55 is first Fib support. Anything under 123 the first time down can bounce. GBP/JPY…144.95 is first … Continue reading
Euro…is doing a 2 year swing. We expect to see 135. EUR/JPY…resistance is 120.60 AUD/JPY…. As long is it remains higher on the year, this cross remains an attractive buy on any descent pullback. Oil…as long as Oil remains above … 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
USD/JPY…our tgt for this swing is 120 (Z) +-25 points in the Futures. app 83.30 CAD/JPY….83.20-50 should match up with the straight USD/JPY around 83 AUD/JPY…remains firm by remaining over 84.50 GBP/JPY…133 is next. A good close over this level … Continue reading
We were stopped out of our remaining EUR/JPY on the opening last night. Date: June 7, 2012 7:22:56 AM CDT CAD/JPY & GBP/JPY…are both coming up to their respective 200 mvg avg’s. 124.07 GBP/JPY 77.96 CAD/JPY CAD/JPY is an … Continue reading
Spu’s… closing below the 1308-09 level In (M) will be price negative. EUR/JPY…closing below 99.51 will be price negative the cross. Expect a test of the low 98 level for a starter. Copper…32780 is a level that can trap the … Continue reading