Tag Archives: Oil

A.M. Look 3/24/11

Posted on 03/24/2011

Spu/bonds are still going after the rejection of the old continuation double top in the Bonds of 122.08 from earlier in the year ” This was the # that the March contract took 2 months toget over. It’s has proved … Continue reading →

A.M. Look 3/23/11

Posted on 03/23/2011

I must admit when I went to sleep last night that I thought you’d see a little more follow through in the SPU/BOND spread into today ( More weakness in the stocks and strength in the 30 Yr.). The Spu … Continue reading →

A.M. Look 3/11/11

Posted on 03/11/2011

Silver…33.965-34.04 is the big downside closing pivot. This is the support area first time down. This is the second test of this level. This is a cheap out in the Silver against this level. You can always re sell your … Continue reading →

A.M. Look 3/9/11

Posted on 03/09/2011

Euro looks like it could go as high as 139.80 ish and still be a sell against the 140 level. Silver never back filled enough for me. We were looking for a 35.385 print during the NYC day session. Since … Continue reading →

A.M. Look 3/7/11

Posted on 03/07/2011

It’s just another Monday with equities up, a weakening Dollar, and rates edging back up. As long as we hold Friday’s low in the equities on a closing basis, look to buy the breaks and sell the rallies. My longer … Continue reading →

A.M. Look 3/3/11

Posted on 03/03/2011

Stock Bears…The 1319-21 level will be an important resistance level today. Sustained price action above and we’ll continue higher. It will still be a day of having an eye on the oil action and we would expect the inverse correlation … Continue reading →

A.M. Look 2/28/11

Posted on 02/28/2011

It’s month end today. If you decide you need to pick a trend reversal you’ll be fighting capital flows all day. March Bonds! That’s right (H) not June! Today almost everyone rolls to June Bonds. We do not roll for … Continue reading →

A.M. Look 2/25/11

Posted on 02/25/2011

1314-16 in the Spu matching 43800 (H) Copper is the first Fib match area. Today’s trade will once again be dictated by the oil. As evidenced yesterday, the big macro levels are the only low risk places to play in … Continue reading →

OIL..Big Picture

Posted on 02/24/2011

April Crude…94.16 and 96.16 is now the big macro levels to watch on the downside for support. 94.16 is the first major fib match for this swing. There is little good trade location for Bulls to sink their teeth into. Trade … Continue reading →

A.M. Look 2/24/11

Posted on 02/24/2011

We will use a break even buy stop on our short Spu @ 1316. We will be looking to add to this position with a Spu close below 1295. SDS traders, use the futures as your price triggers. OIL…I would expect … Continue reading →