Tag Archives: Oil
Crude Oil & OXY Weekly Charts
The ORH level in Crude Oil is 85.60. The ORH level in OXY is 85.11. We think there could be some follow through into early Monday, however we were only looking for 88 on this bounce in the Oil. Meaning … Continue reading
A.M. Look 6/29/12
DE…a close over 78 puts in an ORH week CVX…104.65 for an ORH week Oil… 80.80-95 is resistance with buy stops above, with 82 ish being the next closing hurdle. Euro..126.20-30 is pivotal. CAD/JPY…put in a double bottom @ 76.60. … Continue reading
A.M. Look 6/22/12
Spu’s…we’ll look for a rally back to challenge the trend line break out on the point & figure to short into the 30’s USD/JPY…80.45 is overextended the first time up. a retest of 79.80 App 125.25 in the futures is … Continue reading
USO | Oil Fund Pattern Alert!
80 per barrel is another natural # in the WTI. We don’t think there is a lot left to the downside in the WTI before we see a decent bounce We’ll be monitoring this instrument for signs of a short … Continue reading
A.M. Look 6/12/12
General Comments… I’ve spoken to many of my longer time frame clientele ( Private Wealth guys and Money Managers) over the past few days. Many of you are looking for the old holy grail of buy and hold low frequency … 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
IBM
189.15 is the 200 day Mvg Avg in IBM. Watch for general market tone. Those looking for a Risk On mid-week rally should look to the usual suspects for direction and opportunity. Oil names and related ETF’s should provide the … 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 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
XOM | Exxon Mobil Corp Daily
If you’re looking for signs of life for a mid-week contra trend rally in the Equity Indices, the Oil names are worth perusing.