Trade Alert – New Position – VXX
Option Alert Service Signal New Trade Suggestion
Dr copper now preparing to break higher
Let me start with a quote from my last post on copper where I wrote the following: “……and for any recovery longer term, we will need to see a dramatic buying climax, and given the extent of the current selling, an extended phase of congestion prior to any bullish momentum returning for copper.“
Stopping volume now appearing on the daily gold chart
It’s been a roller coaster ride for gold over the last couple of months with the precious metal first rallying almost $200 per ounce, and then promptly reversing from the $1390 per ounce level, and giving back just over half the gain, to trade at the time of writing at $1293.20 per ounce.
EURUSD Daily Analysis – March 31, 2014
EURUSD’s downward movement from 1.3966 extended to as low as 1.3705.
AUDUSD Daily Analysis – March 31, 2014
AUDUSD continued its upward movement from 0.8995, and the rise extended to as high as 0.9294.
Trade Alert – New Position – AKAM
Option Alert Service Signal New Trade Suggestion
GULF COAST PADD 3 The New U.S. Oil Bottleneck
As Cushing supplies decline due to increased logistic options out of the storage hub in the Midwest PADD 2 in Cushing, Oklahoma inventories are rising to elevated levels in the Gulf Coast which eventually will provide the bottleneck and back up oil flows all along the supply and logistics chain.
Trade Alert – New Position – SPWR
Option Alert Service Signal New Trade Suggestion
Crude Oil Rockets on Crimea
Energy bulls are clearly in control this morning especially crude oil bulls. Brent crude (BNO, quote) continues its climb breaking through the $107 level.
GBP/USD Long-Term Uptrend (March 27, 2014)
GBP/USD has shown momentum in crrying on with its ongoing uptrend, as it bounced off support on the rising trend line connecting the lows on the 4-hour time frame.