Overnight session:
Oil keeps climbing and gold breaks out above 920, never losing 910 support. This time however, bonds are selling and the dollar is up against the euro. Oil has resistance at the following projections: 141.75 and 145.65. Currently, 141.75 is holding it back, 23.6% off May.
We should get more downside at the open if NQ can't hold 1865. The QQQQ/NDX April gap close would correspond to daily S1 on NQ at 1842. I expect a snap back when that is hit.
Oil keeps climbing and gold breaks out above 920, never losing 910 support. This time however, bonds are selling and the dollar is up against the euro. Oil has resistance at the following projections: 141.75 and 145.65. Currently, 141.75 is holding it back, 23.6% off May.
We should get more downside at the open if NQ can't hold 1865. The QQQQ/NDX April gap close would correspond to daily S1 on NQ at 1842. I expect a snap back when that is hit.
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on Friday, June 27, 2008 at 6/27/2008 06:53:00 AM.
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