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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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Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 14, 2011 23:08
Gunjack, here is the latest Oil Update from FX Bullets.


16:42 04/14
US OIL CLOSE: NYMEX May light sweet crude oil futures settled up
$1.00 at $108.11 after trading in a $105.77 to $108.55 range. The front
contract posted a high of $113.46 Monday, which was the highest level
seen since September 2008. ICE Brent closed down $0.52 at $122.36 per
barrel, after trading in a $121.90 to $123.40 range. On April 8, Brent
posted a high of $126.91, the highest level seen since July 31, 2008.


I recommend this service to anyone looking to be in the know in terms of research, news, reminders and heads-up of econ releases and events. Most importantly, it ANALYZES the headlines and NOT JUST state the obvious.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 14, 2011 23:05
Gunjack, The "FX Bullets" part may have more oil updates than my part. But you will find out when the 2-week free trial starts. Next week


Ashraf
DaveO
UK
Posted Anonymously
14 years ago
Apr 14, 2011 20:49
Gunjack, Stocks analysis very important for crude correlations
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Apr 14, 2011 20:39
Well that's ok for me Ashraf, I even recognise #'s are SPX (surprised they dont state) and I recognise all the fibs and their perceived count. Suspect many will not know what the f*ck they are talking about. They should include a chart properly labelled imo.
Gunjack
London, UK
Posts: 1184
14 years ago
Apr 14, 2011 19:24
@Ashraf will you be doing anything on crude oil in your new service? As I don't really trade Forex, so am unsure if your premium service will be beneficial
cat0nip
Frankfurt, Germany
Posts: 1632
14 years ago
Apr 14, 2011 18:59
corellation USDX / XAGUSD has reached 0.99 in April .
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 14, 2011 18:16
More from Market News Int'l FX Bullets on stocks..

(That is why I will be offering this as part of my Premium Service)

US STOCKS: Techs, from SMRA's Michael Sacchitello;
While today's rally represents a constructive fast-money response
to this morning's satisfaction of a 61.8% projection (13339.50 to
1309.50 measured from 1321.40) and newly oversold 5-dayRSI, the larger
risk of extending 100% to 1291ish will prevail below 1321.40. Neutral
14-dayRSI and recent MACD cross (down) offer no confidence in a major
turnaround.
Resistance 1321.40 04/13 high
1318.50 5-DMA
1314.11 61.8% of 1321.40 to 1302.40
Current level: 1313.33
1305.30/.10 03.29 pivot, 38.2% of 1249.10 to 1339.50
1302.40 04/14 low, 61.8% projection target
Support 1294.60 50% of 1249.10 to 1339.50


Ashraf
DaveO
UK
Posted Anonymously
14 years ago
Apr 14, 2011 15:55
Yeah gunjack, have to now assume the move down completed with a truncated 5th at 105.31 so taking fibs for whole move from the 113.46 high to the 105.31 low your #'s are close to mine (data vendors perhaps vary a little) My 61.8% at 110.35.
Gunjack
London, UK
Posts: 1184
14 years ago
Apr 14, 2011 9:21
for any fib guys out there do you see similar levels on the current move in oil

107.3 - 23.6%
108.5 - 38.2%
109.49 - 50%
110.46 - 61.8%
113.3 - 100%
Gunjack
London, UK
Posts: 1184
14 years ago
Apr 14, 2011 9:14
IMHO if 105.75 holds which it clearly seems to be doing on the long term chart we are in for another swing back up to 108.75 (1st stop) and then 110 (2nd stop) in coming month or so
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