Last minute wrangling saw the Europe come together on a covid rescue package. Platinum is breaking out above its 859.80 retest level. 879.80, its 200 DMA, is closing resistance. Yra’s Gold/Platinum spread worked for 9 dollars on Friday and up … Continue reading
Daily Market Intelligence 7-20-20
Late yesterday Biden unveiled his Green energy strategy. Solar names went nuts. WY…Weyerhaueser broke out yesterday. Another Dollar devalue commodity name. BHP is following through. Euro..just hit the next magic level. Spoo’s & DJI are at critical resistance level. Pay … Continue reading
JP Morgan beat rewarding the call buyers. It’s still in nowhere land. Euro has finally gone into lift off mode this week. Euro looks best against the Yen. Euro is having a deleterious effect on the Gold as these spreads … Continue reading
Daily Market Intelligence 7-14-20
Daily Market Intelligence 7-13-20 Daily Market Intelligence 7-13-20
Daily Market Intelligence 7-7-20
Daily Market Intelligence 7-6-20
Grains caught a big bid. The rally went into turbo charge with a weakening Dollar. Time to lock in some money. Soybeans are trading into its 200 DMA. Pay for the trade. Gold & Silver brick out with the Miners. … Continue reading
Metals contracts have rolled. Silver & Copper (U) Sept. Platinum…(V) Active daily Continuation charts would’ve picked this up. Spoo’s are caught between the major mvg averages. Last night’s low was its 50 DMA. 3019.51 is the 200 DMA 3025 print … Continue reading