Intraday Market Thoughts

Archived IMT (2009.03.17)

by Ashraf Laidi
Mar 17, 2009 19:02

Integrating technical analysis with Intermarket analysis allows investors to gauge/quantify the significance of fundamentally-driven moves. I mentioned earlier today the importance of EURUSD close above $1.3050 (100-day MA) for prolonged gains into $1.33 ahead. London traders failed to reach that level but NY are still trying. OIL TRADERS pushed US crude to 9-week high, which could CLOSE at its highest since November above $49 per barrel. VOLATILITY traders seek to send the VIX index back under its 200-day moving average for the first time since September (after last week's close call) to gauge fresh gains in appetite.


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