Tag Archives: Oil
A.M. Look 2/22/11
This a.m. we’ll step into Bullwinkle’s “WAY BACK MACHINE”. The last time we had this type of unrest in the Mideast oil spiked over $40/bbl from the teens in 1990. By comparison this was a negligible blip. The last thing … Continue reading
A.M. Look 2/11/11
We show a double bottom in the Euro @ 135.08 with Fib matches @ 134.75…Do not sell weakness. USD/JPY…83.80-90 (App 119.20 ish futures) has been sticky for the past few quarters. Do not buy dollar strength or sell futures weakness into … Continue reading
A.M. Look 2/1/11
It’s the first day of the month. We are going to pay close attention to the price action around 9 CT to see if directional flows reverse. Spu/Bonds spread needs to show it’s metal…with the bonds closer to the bottom … Continue reading
Pattern Alert… XOM…FXI
You now have a weekly double top in XOM at 79.97.. FXI….China should now have your full attention..You have a monthly double bottom pattern at 41.90…major stops will be below.
A.M. Look 1/31/11
Early Asia showed us all the extremes ( highs in the gold ,silver,oil) (lows in the Aussie,Euro,Spu). It’s the last trading day of the month! Not a good idea to fade the monthly directional flows today. The flow is long … Continue reading
Pattern Alerts
Gold…1336.40 pit Silver..27.72 pit Oil… 87.96 all sessions SPU…1279 is last weeks close…we are already way below the 1290.80 for the outside reversal daily. A close below 1267.70 finishes it off with a weekly “orlw” Dr. Nenner has a model … Continue reading
SPU.. Pattern Alert
A close today below 1290.80 would be needed for an outside daily reversal close lower. In the meantime the rest of the board is showing concern over Mideast political tensions with the Dollar move up against the Euro and commensurate … Continue reading
Oil Futures…SDS…REE
Place an order to take 50% of your Long Oil futures off at the 87.50-60 level. Use a break even stop on the remainder. This somewhat mitigates me being anxious yesterday and not using a stop close with the SDS. … Continue reading
OIL Futures
Futures traders..Oil has trapped the shorts. This is worth a small buy with a 35 cent stop.
Silver,Gold,OIL,SPU,Aussie
I like the lows we just put in across the board. These are possible capitulation lows for the longs in these instruments for the day session. All contra-trend day trading should be managed against the current lows. Those looking for … Continue reading