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Wednesday, 8 April 2015
April 8, 2015
There wasn't much action on US indices today so I'm skipping them.
bouraq, any new updates on eem? it's been breaking out. what kind of pullback are u expecting? or should it be chased up? any upside targets? how about fxi? crazy 6% move today followed by a 4% move last week. thx.
Dr B, thank you for the updates. On natgas, there's a rising channel running parallel to the green support line, and we closed on the lower support yesterday. As such, anticipate we break below today, but natgas is always full of surprises, so we'll see!
Dr B, no worries at this point...whatever it was, it's gone now! Will consider playing long for a bounce; maybe today, maybe tomorrow; I'm assuming they won't let it go to zero!
bouraq, any new updates on eem? it's been breaking out. what kind of pullback are u expecting? or should it be chased up? any upside targets? how about fxi? crazy 6% move today followed by a 4% move last week. thx.
ReplyDeleteDr B, thank you for the updates. On natgas, there's a rising channel running parallel to the green support line, and we closed on the lower support yesterday. As such, anticipate we break below today, but natgas is always full of surprises, so we'll see!
ReplyDeleteGeraldine, I don't consider that as a rising channel. Yes it may hold as support for a while and you may play the bounce but to me it's a bear flag.
ReplyDeletejust tweeted a chart
ReplyDeleteDr B, no worries at this point...whatever it was, it's gone now! Will consider playing long for a bounce; maybe today, maybe tomorrow; I'm assuming they won't let it go to zero!
ReplyDeleteHey bouraq, looks like gold is breaking down any ideas where it's heading? Thanks,Cory
ReplyDeletejust posted Cory
ReplyDelete