Tag Archives: XCO
A.M. Look 9/5/12
USD/CAD…98.41 represents a double bottom on the Dollar chart. The corresponding futures level is 101.56, with 101.68 being the April high. This is the area that has to sustain above to rally. OIL…came down into initial support last night. Recovery … Continue reading
A.M. Look 9/4/12
AUD/USD and in particular the crosses AUD/JPY , EUR/AUD, AUD/CAD are extremely over stretched directionally on the daily charts. We expect to see some profit taking in these crosses this week to relieve the RSI’s, however there is still room … Continue reading
A.M. Look 8/31/12
Euro…We’re right back to the top of the range in the Euro and a potential weekly double top. Sustaining above 126 will have me looking for the Euro to trade to the 127.50 level. We’ll make a decision as to … Continue reading
A.M. Look 8/30/12
MCP…the action is still in the individual names. Above 10.30, which is now support, you have an ORH week which looks to have a pretty high probability of completion at this point. Up 30+% in two days. The weekly buy … Continue reading
A.M. Look 8/28/12
Silver…30.50 is the 200 day. 29.54-65 is Fib and mvg avg support. Gold…(Z) 1658-53.10 will be a tough area for initiating any kind of position either long or short. 1643.90 is the Dec 200 day. The front month and the … Continue reading
A.M. Look 8/27/12
30 Yr. Bonds…needs to sustain under 148 to start lower, and above 149.15 for higher. General Comments… There is just nothing to do here except to watch and wait. I’m surprised how little the Natgas and Oil have responded to … Continue reading
A.M. Look 8/22/12
Silver…29.86…30.40 Gold… 1645… 1661 ish is a weekly level. Platinum…1530 -5 is a weekly level…..1582 GBP/USD…the Sterling is trying to get some footing with one of the better looking weekly charts. A weekly close over 158.52 is needed to confirm … Continue reading
A.M. Look 8/21/12
The following are the previously stated static levels. Nasd 100…today I included this chart to show that we’re coming up to a “go or no go level” here as well. 2788-92 was the monthly double top we broke from. 2840 … Continue reading
A.M. Look 8/20/12
30 yr. Bonds…145.04 ( possible double bottom on the weekly), 144.20 ( 200 day mvg avg), 143.25 are the levels to coming down. Bunds..141.09 is 1/2 way back on the year. Italian Bonds…102.14-34…possible double top area on the monthly chart. … Continue reading
A.M. Look 8/17/12
Nasd 100…today I included this chart to show that we’re coming up to a “go or no go level” here as well. 2788-92 was the monthly double top we broke from. 2840 is the 50% re-trace of the life of … Continue reading