Gold…is still holding matrix support @ 1307 (Q). Below it will get weak fast. Those buying Gold against the trend line or for a longer term play should keep a tight leash on this. It would take a close over … Continue reading
Daily Market Intelligence 7:22:16
Daily Market Intelligence 6-28-16
Euro…106-105.50 is the next major level with sell stops below. YEN…we’re back to 2013 levels @ 99.01 USD/JPY 101.24 Futures. Given the 3 figure bounce off the level the next extreme is 94.88 USD/JPY 105.39 Futures. GBP/USD…elected the stops through … Continue reading
Daily Market Intelligence 6-22-16
With a Risk On board the wheels are coming off several trades. Yen…is trying to top after retesting 97.00 Futures. Lower yen is typically Risk ON. GC/EURO GC/Swiss Franc.. I’m a little surprised that the Oil is not higher. … Continue reading
Daily Market Intelligence 6-20-16
Gold/Euro..is breaking out of it’s 1 year range. The Fib extensions give you an idea of how far this can run. Caution back below 11646. EUR/JPY…Is getting close to fulfilling major multi yr. fib extensions @ 115.09 with 111.46 being … Continue reading