Tag Archives: NATGAS

A.M. look 9/24/12

Euro…128.28 is the 200 day mvg avg. AUD/USD…103.78 followed by 103.40 is the near term support 30 yr. Bonds…148.16 resistance Oil… 91.44 close is the downside pivot General Comments… We’ve seen a small sell off in risk assets, coupled with … Continue reading

A.M. Look 9/21/12

Intermediate near term Pivots… Oil…as long as the Oil remains above 91.44 close it has a positive bias. Spu’s…closing below 1450 puts this on the defensive. Closes above 1462 are positive. Nasd…2840-45 now becomes our downside pivot. Closes above 2860 … Continue reading

A.M. Look 9/14/12

AAPL…a close today over 682.48 is needed for an ORH week. Euro…is trying to complete the first major Fib swing on a 2 year look @ 131.50. GBP/USD…stops are over 163.05 tgting 164.20. EUR/JPY…102.54-86 CAD/JPY…sustaining and closing over 80.86 should … Continue reading

A.M. Look 9/13/12

Euro…129.95 + a few…131.46-50 GBP…162.37 is the April/May close we broke from. EUR/CHF…which has looked like a heart monitor on a corpse for the past 8 months, is attempting an ORH month with a close over 120.92. Last week was … Continue reading

A.M. Look 9/12/12

EWZ…55.90-56.09 is first resistance with stops above. 56.80 is first yearly fib resistance. Closing above will tgt 58. XCO…we’re looking to take some money off the table over $8. 8.25-30 is a good spot to sell 70% of your position. … Continue reading

UNG …Natural Gas Fund

A.M. Look 9/10/12

Silver…33.30 was last qtr’s high, by remaining over ( or holding the breaks to 33.30) keeps Silver from having a deeper re-trace. This will be a descent short term pivot. Gold…just an observation about the RSI’s on a Qtrly chart. … Continue reading

A.M. Look 9/7/12

Today, being Unemployment day, is typically about volatility in the 30 yr. Bonds and the Metals. Precious metals….today is a day of extremes. A good high or low can trend for weeks. Today we’re looking for a trad-able low. This … Continue reading

A.M. Look 9/6/12

Copper…is poking it’s head up with an ORH day yesterday. Looking back at the cloud you couldn’t of had a better low to hold @ 340 ish. 355 is the first third coming back on a yearly swing with 360 … Continue reading

A.M. Look 9/5/12

USD/CAD…98.41 represents a double bottom on the Dollar chart. The corresponding futures level is 101.56, with 101.68 being the April high. This is the area that has to sustain above to rally. OIL…came down into initial support last night. Recovery … Continue reading