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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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DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 28, 2012 21:46
OK, we talk about AAPL then. Its made 38.2 % ret up, pretty much in synch with SPX for pattern. Current price at 582.80, 200DMA at 598.50, 50% level at 605.41. Heavy resistance at c.620/628. Anything is easier than CL right now.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 28, 2012 21:21
Looking at the chart for CQG a large corrective might have finished starting at the 27th April high and ending just below 100% symmetry on 14th November. I think a break above 21.36 might be a nice buy. Break below 17.59 should see 16.14 next (current 20.43)
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 28, 2012 21:14
CQP operates the Sabine Pass LNG terminal in Louisiana. CQP is the first US company to receive permission from the US Department of Energy to export LNG to any country in the world that is not on a
US trade sanctions list.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 28, 2012 21:09
yep sure thing :-) I expect you know a lot more about it than me.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 28, 2012 20:56
I think oil has been the downfall of the middle east enabling a bunch of lazy f*ckers who only cause trouble in this world. Tis my theory and I shan't mention a certain book which is unmentionable. How silly is that, freedom of speech is basic in any civilised society. Another 200 years to attain ?
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 28, 2012 20:46
1.2960 will be heavy resistance from volume node on the 1 hr. Is that what you mean George ?
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 28, 2012 20:42
Talk that the US will be self sufficient in oil and gas energy by maybe 2020, in a position to export energy. They have already done a deal for liquid gas LNG (refer CQP) with UK, India and Spain for 20 yr supply contracts. Fracking is the new technology revolutionising exploration in US and Canada and they reckon this will provide enough energy for the US for the next 120 yrs plus scope for exports. Imagine the effect upon the US economy ! Imagine being able to stick 2 fingers to the middle east !
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 28, 2012 20:22
Not sure about CL which has not been closely correlated with stocks or CAD. Looks like it was helped by inventories today as you suggested.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 28, 2012 20:13
1430.50 would be 70.7% on ES, 1436 would be 70.7% on SPX. Looks like impressive hammer candles for close if price holds up.

We have 55dma's at the respective 61.8% levels. 100 dma's at current 50% levels.
GeorgeBensonOldGrey
France
Posted Anonymously
12 years ago
Nov 28, 2012 17:11
a small buying signal at 85.81. lets see if it holds.
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