Forex Futures Forum Archive for 10/15/2005

houston st 15:31 GMT October 15, 2005 Reply   

10/14/05 Energy Settles:

Nov05 Crude $62.63 ($-.45); high $63.10; low $61.20
Dec05 Crude $61.99 ($-.62); high $62.66; $60.70
Nat Gas $13.219 (+116); high 13.260; low $12.750
Heat $1.9500 (-469); high 1.9925; low $1.9025
Unleaded $1.7486 (-93); high $1.7650; low $1.6500

another sloppy day as mkt continued to go wanting for anything supportive...also reports of R3fco-related ripple-effect as positions in commodities, treasuries, equities were supposedly squared up to reduce risk/raise cash/exit business/etc...positive news regarding Gulf infrastructure/refineries also continued to emerge...recovery ahead of Friday's close thx to weekend shortcovering helped keep prices from closing further in the red...still believe mkt will chop around in $60-$66 range, w/ a sub-$60 assault in the cards s/t...Nov/Dec backwardation spread widened further - now @ $.64/bbl...support for crude @ $61.60i & $60.25 ($60 level is certainly on the radar for now)...good weekend to all.

Ormskirk tedsboy 08:57 GMT October 15, 2005 Reply   
USA-New record debt
The Debt To the Penny
Current Amount

10/13/2005 $7,995,462,387,011.49


Current
Month

10/12/2005 $7,990,630,428,327.25
10/11/2005 $7,991,115,238,572.24
10/07/2005 $7,990,643,231,175.94
10/06/2005 $7,994,281,575,146.32
10/05/2005 $7,978,989,702,813.02
10/04/2005 $7,978,002,527,274.56
10/03/2005 $7,970,524,003,272.50

Ormskirk tedsboy 08:55 GMT October 15, 2005 Reply   
The Silver ETF
http://www.321gold.com/editorials/watson/watson101405.html

Melbourne Qindex 07:53 GMT October 15, 2005 Reply   
Hag Seng Index : Trading Reference


... 13987* ... 14097* ... // 14207* - 14261 - 14316* - 14371 - [14426]* - 14481 - 14536* - 14591 - 14646* // ... 14755* ... 14865* ...


Projected resistant points are positioning at 14646 and 14755. A projected supporting point is expected at 14097.

Melbourne Qindex 06:45 GMT October 15, 2005 Reply   
S&P 500 : A projected supporting point is expected at 1171.1 and a projected resistant point is positioning at 1198.6.

Melbourne Qindex 06:44 GMT October 15, 2005 Reply   
S&P 500 : Trading Reference for December Contract


... 1166.5* ... 1171.1 ... // 1175.7* - 1178.0 - 1180.3 - 1182.6 - [1184.9]* - 1187.1 - 1189.4* - 1191.7 - 1194.0* // ... 1198.6* ... 1203.2* ...

Melbourne Qindex 03:05 GMT October 15, 2005 Reply   
Australian All Ords : As shown in my monthly cycle charts the market is expected to trade within the extreme end of the cycle at 4335.1 - 4460.4 for the time being. This range is representing an oversold area. (Monthly Cycle Trading Reference : ... 4335.1 - 4366.5 - [4397.8] - 4429.1 - 4460.4 ...). On next Monday the daily directional indicator is 4365.9 - (4396.7) - 4432.7*. This would indicate that the market can stage a strong rally if it can trade above 4432.7. The mid-point reference of my weekly cycle normal lower and upper limit is 4396.7. Projected resistant points are positioning at 4478.1 and 4518.8. Projected supporting points are expected at 4356.0 and 4315.3. Sell on rallies is the preferred trading strategy.


... 4233.9* ... 4274.6* ... // 4315.3* - 4335.6 - 4356.0* - 4376.3 - [4396.7]* - 4417.0 - 4437.4* - 4457.7 - 4478.1* // ... 4518.8* ... 4559.5* ...


All Ords : Monthly Cycle Charts

Melbourne Qindex 02:14 GMT October 15, 2005 Reply   
Hang Seng Index : On next Monday the daily directional indicator of Hang Seng Index is 14348 - (14363) - 14524*. This would indicate that the market is going to consolidate within the range of 14348 - 14524 initially. As indicated by the trading reference projected supporting levels are expected at 14207 and 14426. A projected resistant point is positioning at 14646.

Hang Seng Index : Trading Reference


... 13987* ... 14097* ... // 14207* - 14261 - 14316* - 14371 - [14426]* - 14481 - 14536* - 14591 - 14646* // ... 14755* ... 14865* ...


Hang Seng Index : Daily Trading Reference

Melbourne Qindex 01:27 GMT October 15, 2005 Reply   
DJIA : On next Monday the daily directional indicator of DJIA is 10242 - 10379* - (10442). This would suggest that the market is negative when it trades below 10242. Initially the market is going to consolidate between 10158 - 10327. Sell on rallies is still the preferred trading strategy. As shown in my trading reference projected supporting points are expected at 10055 and 10132. Projected resistant points are positioning at 10364 and 10441.

Melbourne Qindex 07:18 GMT October 6, 2005
DJIA : Trading Reference


... 10055* ... 10132* ... // 10210* - 10248 - 10287* - 10325 - [10364]* - 10403 - 10441* - 10480 - 10519* // ... 10596* ... 10673* ...


DJIA is in a bad shape if the market trades below 10047.


DJIA : Daily Trading Reference 

Melbourne Qindex 01:01 GMT October 15, 2005 Reply   
S&P-500 : Monthly Cycle Charts

Melbourne Qindex 00:58 GMT October 15, 2005 Reply   
S&P 500 (SP, CME) : The market made a strong pullback in the last trading session. It hit the low and the high at 1179 and 1191.5 respectively. S&P 500 closed at 1189.9. A weekly loss of 10.1 points. (Monthly Cycke Trading Reference : ... 1165.5 // 1173.2 - [1181.0] - 1188.7 // 1196.4 ...). As shown in my monthly cycle charts there is no change in the overall bearish view. The market is still trading below 1196.4. The selling pressure can be released if S&P 500 - December contract can close above 1211.9. The mid-point reference of my weekly cycle chart is located at 1183.1. Projected resistant points are positioning at 1195.4 and 1207.7. Projected supporting points are expected at 1146.2 and 1158.5. Sell on rallies is the preferred trading strategy.


Weekly Cycle Trading Reference


... 1133.9* ... 1146.2* ... // 1158.5* - 1164.7 - 1170.8 - 1177.0 - [1183.1]* - 1189.3 - 1195.4* - 1201.6 - 1207.7* // ... 1220.0* ... 1232.3* ...