Tag Archives: Silver
A.M. Look 7/3/12
Oil…as long as 82 holds on the breaks we’ll see the upper tgt’s of 88-90. Look to the names to play. Sugar…as long as 21.04 holds this is going higher. Buy the breaks against this level. Soybeans…look for the Nov. … Continue reading
A.M. Look 7/2/12
Full Moon Trading…. July Soybeans…expire today. November (X) is now the most active future. Spu’s…need all new closing price action over 1362 for more upside. AUD/JPY…82.50 is a significant resistance level in this cross. Resting stops are just above 83.30. … Continue reading
Gold & Silver…JJG
1545 is near term support in the Gold. The macro failure level is around 1525. Silver has elected the macro stops under 26.20. As long as there is no significant recovery over 26.50 this can go to 24.40. JJG…we’ll start … Continue reading
ORH | Pattern Alerts
Euro…124.29 Gold…1572.60 Silver…28.09 Platinum…1419.50 Swiss Franc Futures…103.38…96.65 USD/CHF AUD/USD… 97.72
A.M. Look 6/1/12
The past 2 unemployment reports have marked a high in the Stock Indices and a low in the Bond Futures. Unemployment Fridays always become big inflection points for the Gold & Silver, generally marking significant highs and lows on increased … Continue reading
A.M. Look 4/30/12
Today is all about not fighting the flow. It’s the last trading day of the month! Spu’s…Nasd & Gold are slightly lower on the month. USD/JPY…80.00 is 1/2 way back on the year…”125.20 is the June Futures #” EUR/JPY..105.55 is … Continue reading
Silver…EFA…Weekly Pattern Alert
Silver… weekly stops reside below 31.62. A weekly close below this level puts in an ORL pattern which can be price negative. The jobs data Friday will be important for the metals. EFA…a close below 53.97 puts in an ORL … Continue reading
Crude…Pattern Alert…Silver
Crude has a potential double bottom working on the Monthly and weekly charts.. A close over 104.15 (K) is needed for an ORH day. Silver…32.60 has been acting as the near term pivot over the past week. We’ve been a … Continue reading