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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Sep 1, 2010 9:43
release of China PMI boosted aussie thus that my overnight XAUAUD short gave fat returns so did AUDJPY long and AUDCAD long ... also boosted industry metals but i am convinced that is way overdone industry metals are short play
Gunjack
London, UK
Posts: 1184
14 years ago
Sep 1, 2010 9:35
@lucky unless I am missing something the chinese PMI came out today...it's the NFP on fri that should provide the crazy swings
said
mulhouse, France
Posts: 2822
14 years ago
Sep 1, 2010 5:16
the moving average are on the hour chart.
said
mulhouse, France
Posts: 2822
14 years ago
Sep 1, 2010 4:57
SALEHI
gold might cometesting its 100MA and 200MA respectively 1242 and 1237/38 by today
it can be that the sentiment are so strong that the down move wont come straight away even if u maintain a 1120 still valid. i know u r overalll bullish . just to tell u that the strengh is here to stay tillthe resistance of 1263 is broken
salehi
bandar lengeh, Iran
Posted Anonymously
14 years ago
Sep 1, 2010 2:30
Gold is presently attacking the initial support level over intraday basis at 1232.00. The mild decline from 1235.00 are to be seen as a normal bearish effect for negative factors that appeared on the provided chart. The daily chart also supports this negative overview and thus we hold onto our morning speculations for the rest of the day.

The trading range for today is among the key support at 1219.00 and key resistance now at 1256.00.

The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.
chloethebull
Canada
Posted Anonymously
14 years ago
Sep 1, 2010 2:16
china pmi was 51.7...ashraf sayn concesus was for 51.8 but joe terranova say 51.5...hmmm..gl guys
chloethebull
Posted Anonymously
14 years ago
Sep 1, 2010 1:04
asad are u mistaken on china pmi thurs? joe terranova of cnbc tweeted earlier he be reporting on china pmi tonight at 9pm ny time...ok gl :)
asad
London, UK
Posted Anonymously
14 years ago
Sep 1, 2010 0:26
Lucky,

You answered the question yourself! :) Chinese PMI this Thu should set the course for crude - we all know what that's going to be.


Asad


P.S. There's ONE asset class that none has ever discussed - real estate. Any ideas in & around London (hint: distressed RE). Ashraf?
said
mulhouse, France
Posts: 2822
14 years ago
Aug 31, 2010 22:34
gunjack
i have ur level on oil.
if 70.80 broken then we head to 65
i am still bullish but i dont stick to a position if it turns wrong.
Gunjack
London, UK
Posts: 1184
14 years ago
Aug 31, 2010 20:28
@Asad 71.09-70.7 is the area that will be furiously defended by the bulls...Break of that and we are hitting 2010 lows...otherwise we could see another rally upto 74/75...good risk/reward trade if the aforementioned area holds

@Lucky I had an order to fill Silver at 18.95, it got filled and I caught todays rally wuite luckily. But I will def watch out for the chinese PMI numbers
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