Tag Archives: NATGAS
A.M. Look 6/8/12….With EUR/JPY Trade Alert
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
A.M. Look 6/7/12
Nasd (M)…2574 is Fib resistance…2571 is the weekly ORH level with stops above. Spu’s (M)..1322 Fib resistance ….1334.20 is the weekly ORH level with stops above. This is also a 50% re-trace of the entire move. 1345 would be the … Continue reading
A.M. Look 6/6/12
Welcome to the Mid -Week Shuffle… Gold…could go as high as 1650 Platinum…stops are over 1674 Spu’s …1292.50 should be early support. 1300 is early resistance. Nasd…2496 is early support. 2527-24 is the 18day mvg avg. and the monthly close. … Continue reading
A.M. Look 6/5/12
OIL, Euro, Aussie & Spu’s all rallied to their upside pivots last night and failed. General Comments… We’ve gone from one end of the spectrum..rallying into resistance ( another rally to nowhere) through the Asian session right back to near … Continue reading
A.M. Look 6/4/12
Full Moon Trading Tonight, that means half the world has their Ouija Boards out and you should have your track shoes on. Spu‘s…the downside levels will remain static. 1252.60 is last years close. 1243 is the next meaningful Fib support. … Continue reading
A.M. Look 6/1/12
The past 2 unemployment reports have marked a high in the Stock Indices and a low in the Bond Futures. Unemployment Fridays always become big inflection points for the Gold & Silver, generally marking significant highs and lows on increased … Continue reading
A.M. Look 5/31/12
AUD/USD…the levels coming down are as follows…96.64…95.74 Fib support ( 1/2 way back for the past 2 years),then 93.91 which would match up with the eventual swing count tgt. Copper…32760-32840 followed by the 200 day @ 32200 EUR/JPY…97.01 is the … Continue reading
A.M. Look 5/30/12
Crude Oil Futures…89.17 is the hold # and downside pivot. AUD/JPY…76.85-77.00 is the hold level and downside pivot. USD/JPY…stops lie just under 78.99 with the 200 day @ 78.62 (127.19 Futures). Euro…is getting oversold on the shorter time frames. This … Continue reading
A.M. Look 5/29/12
Crude Oil…The levels have not changed. 91.70 will be pivotal with 92.45 next resistance. OXY… by maintaining higher on the week, expect an attempt @ 82.67 followed by 83.45…the risk is 80.20 Nasd 100…resistance is 2592 followed by 2626 EUR/JPY…99.68 … Continue reading
A.M. Look 5/25/12
AUD/JPY…77.80 was last weeks close. We need all new strength over this level for upside. AUD/USD…sustaining above 98.15 will be positive. The spread ( forwards) to futures is now app 20 point discount. Spu/Bonds…are trying to poke their head up … Continue reading