Tag Archives: Oil
Midday Missive
EWW…iShares Mexico has the best technical structure of the Emerging market ETF’s targeting its 200WMA @ 56.69. Brazil looks interesting however that’s a do not touch as I see Oil trading in a range for the near-term. Time Frame … Continue reading
The Late Show
IYT…Transports are attempting an ORH day after holding momentum Oil…is trading weak into the Pit close. Given Gartman just went negative TEXAS TEA, I’d use a trailing stop 10-15 cents above today’s Pit Close.
Daily Market Intelligence 5/26/17
Daily Market Intelligence 5-26-17
Oil..Pit Gaps
Oil…May Pit 49.73-49.54 Gap Oil June Pit..50.19-03 Gap
Midday Missive
AMZN…Should pause up here. Oil Inventories have capped the rally for a bit. Spu/Bond spread is into mvg avg resistance. The market needs to breathe in here before you get another move. The early game is over.
A.M. Look 3/22/17
OIl…47.25 is near term support. 48.90 is point & figure resistance. Spu’s…the bounce zone is 2326-2316. There are mvg averages and a gap to deal with into this level. It’s Wednesday. This will be a do not sell zone for … Continue reading
A.M. Look 2/8/17
Soybeans… OIL…hit its first downside objective last night. Now that all those that were Bullish are now bearish I’d look for everyone to get screwed. 52 will continue to be pivotal. Equity/Bond spreads tell me the lowest risk place to … Continue reading
The Late Show
If you’re watching or trading today it’s beyond me.
Daily Market Intelligence 12/19/20
daily-market-intelligence-12-19-16
Matrix Members
Follow the yellow brick road. Euro currency has bounced between its #’s twice yesterday for 100 point round trips. 105.50-106.50 The last break yesterday in the Oil was into the qtrly pivot @ 48.50. 51.35 is the next level. Tuesday’s … Continue reading