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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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Qingyu
manchester, UK
Posts: 1763
12 years ago
Oct 10, 2012 23:39
sound like china buy everything again.
Qingyu
manchester, UK
Posts: 1763
12 years ago
Oct 8, 2012 18:49
short stock before earning?
GeorgeBensonOldGrey
France
Posted Anonymously
12 years ago
Oct 7, 2012 16:55
if 89.23 broken then we have the 86 level but the RSI in 5 minutes is overbought so i would wait a pullback around the 89.62 if i decide to enter long. major resistance at 92.
Qingyu
manchester, UK
Posts: 1763
12 years ago
Oct 6, 2012 12:20
from yesterday's chart, i agree dave's opinion on crude.
GeorgeBensonOldGrey
France
Posted Anonymously
12 years ago
Oct 5, 2012 19:49
yes dave the resistance at 94/95 is getting drawn from the bottom of 89.27. unfortunately i had a bad day at trading but trying to recuperate this loss next week at this resistance and then shorting the market all along the way.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 5, 2012 15:19
George, looking at that scenario the 2011 low was 74.95 which we could say was already tested at the 2012 low of 77.28 so a break of that low would lead us to first symmetry support at 70.65.

I still feel resistance to the upside might be found at the 94 level so 95 is near agreement.
Qingyu
manchester, UK
Posts: 1763
12 years ago
Oct 4, 2012 19:24
now we see reverse...bad is good mood again? :(
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 4, 2012 13:00
Oil been pretty closely correlated with cadusd on its recent move south. Looking at daily usdcad since its 14th sept low its is now approaching significant resistance zone 9860 to 9910 and then again at 1.000 to 1.0026 and falling (current 9863). Thus if the correlation holds we might see oil bottom out in the next few days.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 3, 2012 23:31
Yeah, not forgetting the 14th Sept high candle hit that 70.7% ret level. Nearly always good for at least a significant reaction and/or major turning points.

Next levels to watch 86.12, 84.06 and 82.23 (current 88)
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Oct 3, 2012 22:32
don't overlook geopolitics. Oil is not down because of middle east tension easing but because of grim
economy outlook China, Ezone. Short not a safe position
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