Silver would need two closes over last night’s high to continue higher. Gold is trading from one level on the sheets to the next. Aussie would need to hold above 63.36 after today’s G-7 call to remind firm. GBP…will react … Continue reading
Daily Market Intelligence 4-6-20
Daily Market Intelligence 4-3-20
Oil…20 dollars is the current floor. Closing below all bets are off for some semblance of order in the Oil patch. Short term closing level is 21.84 to maintain above. Everything is a point to point trade. The Room has … Continue reading
Daily Market Intelligence 4-2-20
Daily Market Intelligence 3-31-20
Spoo’s held a big time area last night. The yearly ORL#. Some are saying last Monday was the capitulation low. I’m not convinced. Oil supply issues will not be resolved until the war on the U.S. shale producers is won … Continue reading
Daily Market Intelligence 3-30-20
Daily Market Intelligence 3-27-20
The news flow just keeps getting stranger and stranger. Science deniers abound. The most sentient commentary came from Blackrock overnight. “The longer we quarantine and bite the bullitt the stronger and faster the recovery will be” The reaction to unemployment … Continue reading