Spoo & Nasd have hit initial downside levels. It will not pay to sell weakness early into these areas, late day is a different conversation. Energy…higher.
Indices are range bound. Oil..profit taking last night in the FX spreads. Gasoline shows a stranded Pit close. How much does it back off before retesting 4.25? Not bearish. Canadian Dollar remains bid.
Daily Market Intelligence 6:6:22
RBOB gasoline has poked up above its 200 DMA On Venezuela & Iran sanctions. Spu’s…the levels are straightforward. Resistance is 2784 per 25X3 then 2794 It would take closes over 2794 to turn up per 50X3 P&F 2752 is the … Continue reading
Daily Market Intelligence 9-18-17
Is this the next Silver trade? Gasoline..not for the faint of heart. Note the high close last month matching the high qtrly close from 2008. Do I hear 89 dollar oil?