Tag Archives: Oil
USO & DIG Oil ETF’s….OIL
A close today above 35.88 puts in an outside reversal day to the upside. If the equity indices are going to remain firm, this will be a place to look. Also, Dig now starts to look interesting again. Support is … Continue reading
Recap…Food For Thought
We’ve been bailed out by Greece? Truly frightening! Matches….the importance of matches! We try to paint a picture to illuminate the best set ups. Today you saw that, both the Bund and U.S. 30 Yr., achieved their near term tgt’s. The Sek … Continue reading
JJG…Wheat…Oil & Metals
A close today for the July Wheat above 6.74 will have us buy a 50% position back in this ETF…There are several reasons for getting back in. 1) The risk on scenario, 2) The chart pattern is similar to the … Continue reading
A.M. Look 6/20/11
A close today under the following levels in the Futures can lead to another swing down in prices: 1259 S&P, 2185 NASD,777.20 (also the 200 day) Russell,922.80 Midcap 400 ( with 200 day app 913). The bigger levels coming down … Continue reading
A.M. Look 6/17/11
I am getting that risk on feeling..Let’s keep it simple today.. Sep SPU holding above 1270 is positive…closing above 1274 and we’re doing the retraces back up. Nasd the #’s are 2200 for positive and a close above 2216, we … Continue reading
A.M. Look 5/25/11
Risk off continues with Short Euro or Aussie vs. Long Gold. Gold and Silver are both lower on the month and extreme care should be taken watching your short term technical levels. The concern being that with the U.S. Dollar … Continue reading
A.M. Look 5/24/11
Be patient today and wait to trade on your own terms. 141.60 ish Euro seems a low risk level to try and sell today with a tight stop. It is a little early to tell whether or not the Spu … Continue reading
A.M. Look 5/23/11
Levels to watch this a.m. SPU…1308-11 Euro…139.65…139 AUD/USD…105.04 ( last weeks low)…103.58 OIl ( 98.30) on the first rebound back up. These are the initial support and short term tgt levels. This is a market where you want to be … Continue reading
OIL…SPU…Gold
Oil is in a big range between 95.75 and 100.80. I should have left well enough alone this week. Right now the miners and the oil are keeping the indices buoyant. My strategy is to take the small loss in the SPU for … Continue reading