Crude: Give and take is all it’s about on the charts these days. Don’t try to over think anything because what’s been lost is quickly found. Today we’re going to again play the same numbers because there’s not a lot of direction out there and we have no good reason to jump up or fall back. We’ll be looking to stay the course. This gives the resistance numbers a familiar 10494, 10596, 19687. The support numbers finds territory to 10345, 10236 and 10144. The front spread reversed and now we’re looking back up to 52 and 63 resistance. Support looks to hold 32, 26. The flat price is holding here and we’ll continue to push sideways, again.
Gasoline: We’ve moved on to RBX3. Everything has faded lower and we’re not seeing anything different here. This gives us support numbers at 26240, 26328 and 25971. The up-side looks to hit resistance at 26390, 26465, 26617. The front spread is juiced here with support back at 145, 122. Above we’ll be looking at resistance levels of 183, 220. The RBCL resistance to 768, 861. The support falls on 675, 605.
Trends are only for the affected
Well the 10min chart is about as exciting as a Government shutdown. Nothing left to see here folks, so please move along. We still have the support area in the 10280 area and a resistance ceiling around the 10460 level. That will probably contain the sideways move today. Out to the 60min chart and we’re let-ting the trend channel resistance come to us. We fell shy yesterday of a test, but today we’re looking for 10430ish. Pivot is the only other point of concern in the 10200 area.
Fundy you should mention
… I should just leave this page blank as a joke, but I think Big Guv has that all covered. Well, this is where I can make some big money. If there’s no Jobs numbers for the Econo-heads, the Oil Outlooks Newsletter is always fun and entertaining. Hmm, maybe I should go back and add more to today’s be-cause I do have more to talk about that situation and there’s no employment situation to talk about. So I wonder how this is going to play out. Will they still release the numbers when they get back? Will they be able to capture numbers for October? Will twerking ever go away?
Sorry, I am just physically attracted
Rock you like a hurricane. Well it’s not necessarily about the US Gulf oil and gas platforms that are shut-ting in as Tropical Storm Karen approaches, it’s about what happens after she makes landfall. You’d think we’d learn our lesson by now, but the markets are known to wait until the last minute to guess and usually the wrong way. For those of you keeping track, it’s actually not an anomaly that these tropical storms and hurricanes hit on the weekend. I believe the actual number is close to 70% of the time we get these between Friday and Sunday. If this one does make landfall, the good news is that we should have a clear idea of what is up and what is down by the time the market opens on Sunday evening.
Techies, some Trekkies
-- 200 Day MA 9798
-- 100 Day MA 10236
-- 13 Day MA 10383
-- 8 Day MA 10299
-- 14 Day RSI 44.84
Spread now; Roll later
-- Everything is expensive
-- Key support: 32, 26, 17
-- Key Rests: 42, 55, 63
By Carl Larry
Gasoline: We’ve moved on to RBX3. Everything has faded lower and we’re not seeing anything different here. This gives us support numbers at 26240, 26328 and 25971. The up-side looks to hit resistance at 26390, 26465, 26617. The front spread is juiced here with support back at 145, 122. Above we’ll be looking at resistance levels of 183, 220. The RBCL resistance to 768, 861. The support falls on 675, 605.
Trends are only for the affected
Well the 10min chart is about as exciting as a Government shutdown. Nothing left to see here folks, so please move along. We still have the support area in the 10280 area and a resistance ceiling around the 10460 level. That will probably contain the sideways move today. Out to the 60min chart and we’re let-ting the trend channel resistance come to us. We fell shy yesterday of a test, but today we’re looking for 10430ish. Pivot is the only other point of concern in the 10200 area.
Fundy you should mention
… I should just leave this page blank as a joke, but I think Big Guv has that all covered. Well, this is where I can make some big money. If there’s no Jobs numbers for the Econo-heads, the Oil Outlooks Newsletter is always fun and entertaining. Hmm, maybe I should go back and add more to today’s be-cause I do have more to talk about that situation and there’s no employment situation to talk about. So I wonder how this is going to play out. Will they still release the numbers when they get back? Will they be able to capture numbers for October? Will twerking ever go away?
Sorry, I am just physically attracted
Rock you like a hurricane. Well it’s not necessarily about the US Gulf oil and gas platforms that are shut-ting in as Tropical Storm Karen approaches, it’s about what happens after she makes landfall. You’d think we’d learn our lesson by now, but the markets are known to wait until the last minute to guess and usually the wrong way. For those of you keeping track, it’s actually not an anomaly that these tropical storms and hurricanes hit on the weekend. I believe the actual number is close to 70% of the time we get these between Friday and Sunday. If this one does make landfall, the good news is that we should have a clear idea of what is up and what is down by the time the market opens on Sunday evening.
Techies, some Trekkies
-- 200 Day MA 9798
-- 100 Day MA 10236
-- 13 Day MA 10383
-- 8 Day MA 10299
-- 14 Day RSI 44.84
Spread now; Roll later
-- Everything is expensive
-- Key support: 32, 26, 17
-- Key Rests: 42, 55, 63
By Carl Larry