Intraday Market Thoughts

Archived IMT (2010.06.08)

by Ashraf Laidi
Jun 8, 2010 19:13

US STOCK INDICES RETESTING the May 25 level, which was a 6-month low. S&P500 eyes the 1014, while Dow-30 is vulnerable to 9,418. OIL in a possible double top (75.70 & 75.40), followed by the 72.50 lower high and coinciding with the May 18 high. The implied target could well be a retest of 65. EURUSD & risk trade losing the day's earlier bounce, looking for 1.1870.


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