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MDunleavy
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 Posted: Sun Dec 04, 2011 9:14 pm Post subject: |
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CL had a positive day for the Friday session as traders continue to buy commodities in general. The market looks like it wants to attempt a breakout above the recent highs of $103 and if it does – this could be the beginning of the next massive leg up in the market. However, we expect the area to actually be more resistance than the market is ready to go up against at the moment. We are buyers, but will need to see a pullback first.
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https://docs.google.com/document/pub?id=1k-LK7SJO6d2Ep1R9z2ln5_GA5rSGeqp6dp2xIgiZ-1c#id.6dku2saylq6t |
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MDunleavy
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| Posted: Sun Dec 11, 2011 5:33 pm Post subject: |
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...In the bigger picture, there is still no clear sign of long term trend reversal yet and price actions from 1923.7 would still be finally unfolded as correction/consolidation only. Though, the consolidation pattern would likely extend below 1923.7 for a while and rally attempt should face strong resistance near to this level. We'd anticipate another falling leg before such consolidation completes. And in such case, downside should be contained by 1478.3/1577.4 support zone...[by oilngold]
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~~~>http://iticsoftware.com/postimages2//201009/11Dec10.html
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~~~>http://img690.imageshack.us/img690/4721/11dec10.pdf
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MDunleavy
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| Posted: Mon Dec 19, 2011 3:11 am Post subject: |
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Gold dropped to as low as 1562.5 last week before forming a temporary low there and recovered. Initial bias is neutral this week for some consolidations. But recovery should be limited below 1667.1 support turned resistance and bring another fall. Below 1562.5 will target 1535 key support and below...[by oilngold]
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MDunleavy
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| Posted: Mon Dec 26, 2011 3:20 pm Post subject: |
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USD/CHF rose a bit during the Friday session as the pair continues to grind higher. The 0.93 level that was broken above recently has been very supportive over the last week, and we think this is a possible sign of things to come. The pair is being supported by the fact that the Swiss National Bank is working against the value of the Franc and this should continue to push this pair higher. Also, the Dollar is the safe haven everyone wants. Because of this, we are buying this pair overall, and especially on dips.[by forextv]
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~~~>http://iticsoftware.com/postimages2//201009/11Dec25.html
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MDunleavy
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| Posted: Mon Jan 02, 2012 5:20 pm Post subject: |
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*Forexpros – The U.S. dollar dipped against the Swiss franc in subdued trade on Friday, trimming some of the week’s gains as sustained concerns over the debt crisis in the euro zone supported safe haven demand.
*USD/CHF hit 0.9469 on Thursday, the pair’s highest since December 15; the pair subsequently consolidated at 0.9384 by close of trade on Friday, shedding 0.19% over the week.
*The pair is likely to find support at 0.9266, the low of December 20 and resistance at 0.9477, the high of December 13.
*Trading volumes remained low seeing as many traders closed books to lock in profit before the end of the year, reducing liquidity in the market and increasing volatility
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MDunleavy
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MDunleavy
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| Posted: Sun Jan 15, 2012 3:12 pm Post subject: |
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EUR/USD rose during the Thursday session as traders celebrated successful bond auctions in both Italy and Spain. However, the recent downtrend is certainly intact, and it is hard to think that it suddenly will give way based upon these two sales. The 1.30 level above is the start of significant resistance, and we are looking to sell weakness in that area if it appears. The candle does suggest some possible follow through over the next day or two, but we aren’t willing to won the Euro in general and there are simply far too many problems in that part of the world right now. We are selling rallies going forward.[by forex-download]
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MDunleavy
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MDunleavy
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| Posted: Mon Jan 30, 2012 3:41 pm Post subject: |
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*The British pound had another stellar week, climbing almost 200 pips against the US dollar, and breaking the 1.57 level. The upcoming week has seven releases, including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
*The dollar weakened against most major currencies following Bernanke’s announcement that interest rates will likely remain near zero until late 2014. This was despite solid economic data coming out of the US.
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