Technical Analysis & Patterns • Re: Price of Oil
Right $93 is very conservative. The red flag has been waved, although I had hoped to see a fast dip down to the $80 level before the wave up to $150, it may still come. Red flag being the Feds purchasing their own instruments, the magnitude of this signal is great, the next sign will be the Mortgage Backed Securities bubble burst very soon, taking the dollar down and commodities up. (another bailout). Watch the feds position after the Jekyll Island 'anniversary', expect things to ramp up in the middle east to distract from the obvious play between China and Russia....Note the sudden move to increase the US military positioning in Australia. Consider this: If the purchasing power of the dollar declines as oil price increases are we paying more for oil? We still pay the same $70brl, while the public pay the inflated price at the pumps. Lastly, all this will create hyperinflation contrary to what they would have you believe currently. Dow 11,400...as Smith said in the Live room, watch for the "Rally without reason" to signal the turn. Blah blah blah.... http://www.ibtimes.com/articles/79261/20101105/fed-returns-to-birthplace-g20-leaders-prepare-for-korea.htm Statistics: Posted by greygoose — Sat Nov 06, 2010 1:53 pm
Daily Value Areas (Futures) • 5th November
ES 1216.25 / 1206.25 POC... 1213.00 YM 11,382 / 11,276 NQ 2185.50 / 2180.50 Statistics: Posted by Bon — Fri Nov 05, 2010 7:54 am
Daily News Events • 5th November
8:30am CAD Building Permits m/m 8:30am USD Non-Farm Employment Change 8:30am USD Unemployment Rate 8:30am USD Average Hourly Earnings m/m 10:00am USD Pending Home Sales m/m 2:00pm USD Fed Chairman Bernanke Speaks Statistics: Posted by Bon — Fri Nov 05, 2010 7:26 am
Daily News Events • 4th November
8:30am USD Unemployment Claims 8:30am USD Prelim Nonfarm Productivity q/q 8:30am USD Prelim Unit Labor Costs q/q 8:45am EUR Minimum Bid Rate 9:30am EUR ECB Press Conference 10:00am CAD Ivey PMI 10:30am USD Natural Gas Storage Statistics: Posted by Bon — Thu Nov 04, 2010 6:18 am
Daily Value Areas (Futures) • Thursday 4th November
ES 1193.75 / 1185.75 POC... 1192.00 YM 11,161 / 11,105 NQ 2153.75 / 2138.75 Statistics: Posted by Bon — Thu Nov 04, 2010 6:16 am
Daily Value Areas (Futures) • 3rd November
ES 1191.25 / 1187.75 POC... 1190.50 YM 11,156 / 11,154 NQ 2149.25 / 2142.25 Statistics: Posted by Bon — Wed Nov 03, 2010 8:08 am
Daily News Events • 3rd November
8:15am USD ADP Non-Farm Employment Change 10:00am USD ISM Non-Manufacturing PMI 10:00am USD Factory Orders m/m 10:30am USD Crude Oil Inventories All Day USD Total Vehicle Sales Statistics: Posted by Bon — Wed Nov 03, 2010 7:36 am
Daily Value Areas (Futures) • 2nd November
ES 1190.00 / 1179.50 POC... 1185.00 YM 11,166 / 11,053 NQ 2138.75 / 2121.75 Statistics: Posted by Bon — Tue Nov 02, 2010 8:24 am
Daily News Events • 2nd November
All Day USD Congressional Elections Statistics: Posted by Bon — Tue Nov 02, 2010 8:24 am
Our Live Crude Oil & Futures Trade Room • Another 1$ trade - Lovely
What a great start to the day yesterday. Statistics: Posted by Bon — Tue Nov 02, 2010 8:13 am