Tag Archives: Oil
Afternoon 9/15/14
Grains Soybeans are attempting an ORH day with a close over 9.902. A close over $10 could signal a good short covering rally. JJG…needs a close over 35.45 for a similar pattern. OIL…93.13 is short term trend resistance and the … Continue reading
A.M. Look 9/8/14
Stocks… SPU’s…need sustained price action under 1885-7 to break anywhere. Bonds … 30 yr. Bonds…range bound. FX… GBP/USD…Sterling is reacting to the Scottish Independence Polls. It put in an ORL week last week. The Yes camp for devolution is gaining … Continue reading
Midday Missive
OIL…99.20 is the low risk sell zone with a very tight stop. VIX…13.60 is 200 DMA support. This level seems to be aligning with the first resistance levels mentioned this A.M. in the Indices. IWM…113.70 is 200 DMA. 114.50 is … Continue reading
SCIF & USO
Small cap India ETF “SCIF” is trying to breakout to the upside. USO… is breaking out to the upside above it’s 50 DMA. OIL…I’m looking for another $1.50 to the upside this week in the Sept. contract.
A.M. Look 6/24/14
Stocks… AUQ…Aurico Gold is attempting an ORH month with a close over 4.35. As long as this holds breaks around $3.90-4 this has potential to make a run toward 6 on the longer time frames. ABX…18.13 is the 200 DMA … Continue reading
Midday Missive
Bund…the Sept Bund will try to print 146.40. OIL…WTI/Brent spread came close to it’s 200 DMA which happens to line up with the last breakout in Crude above the 104.70-105.30 level. All this tells you is that is that WTI … Continue reading
Midday Missive
Oil…sustained price action and a close under 99.21 will lead to a first test of 98.25. Brent…could get as low as 106.40 before bouncing. This is an exirt zone for directional players the first time down. Buy before you sell … Continue reading
A.M. Look 3/28/14
Stocks… VIX…needs above 15.15 to rally to 15.84. The weekly buy stops are at 16.40 with 16.64 being weekly closing resistance. Nasd 100…3545-50 is today’s support and the next inflection level. The weekly breakdown level is 3576. Closing below here … Continue reading
Oil…Position Update
We were just stopped out of our remaining Short in the Oil @ 100.20. We have no current position in Oil. 100.43 is today’s 200 day mvg avg. Today’s mvg avg resistance zone is 100.43-64. Only a close over 101.30 … Continue reading
A.M. Look 2/24/14
Stocks… Nasd 100…3633 is closing support. NASDAQ leads, this is where all the social enabling and healthcare biotech names are. VIX…is holding support @ 14.25. Sustained price action above 16.80 is needed for a rally. XLI…needs to hold 51.30 for … Continue reading