Forex Futures Forum Archive for 05/23/2006

houston st 14:31 GMT May 23, 2006 Reply   

Estimates for tomorrow's Weekly DOE Stats:

crude -.8
dist +.5
mogas +1.3
runs +.5

houston st 14:01 GMT May 23, 2006 Reply   

July06 crude now @ bat...currently $70.97 (+$1.01)...mogas 2.057 (+190)...nat gas battling back @ $6.400 (+0124)...stats tomorrow but a long holiday weekend ahead may limit pullback later in the week...gl/gt.

Melbourne Qindex 10:16 GMT May 23, 2006 Reply   
Spot Gold : The current expected lower trading range is 632.7 - 636.3 and the upper trading range is 671.3 - 672. The market is under pressure if it is trading below the barrier at 634.8 - 636.4*. A projected resistant barrier is positioning at 669.7 - 673.2. A projected supporting level is located at 598.8 - 605.1. The daily directional indicator is (610.8) - 636.4* - 653.8. The market momentum is strong when it is trading above the daily directional indicator. On the other hand if the market retreats and trades within the daily directional indicator this would indicate that the market is dissipating its upward momentum and the market will consolidate further within 610.8 - 653.8. The distribution profile of super magnets are as follow : - (533.2) - 588.3* - (610.8) - 634.8 - 636.4 - 666.7 - 684.5* - (688.4) - 698(One have to be very alerted if the market exceeds either end of the distribution profile within this week).

Melbourne Qindex 08:44 GMT May 23, 2006 Reply   
Hang Seng : the market closed at 15864.56 and the negative signal is still hoisted in my system. Today's range is 15691 - 15889 and the technical movement is within the expected trading range.

"Melbourne Qindex 01:11 GMT May 23, 2006
Hang Seng Index (cash) : The market is going to tackle the projected supporting barrier at 15713 - 15747. In the last session the market closed at 15805.52 and a negative signal is hoisted in my system (see the front page of my website at qindex.com). The current expected lower range is 15663 - 15703 and the expected upper trading range is 15904 - 15926."

Melbourne Qindex 08:37 GMT May 23, 2006 Reply   
Australia All Ords : The market movement is very technical and it is still under pressure. Today's range is 4959.0 - 4989.3 and it is within the expected range.


"Melbourne Qindex 00:33 GMT May 23, 2006
Australia All Ords : As shown at the front page of my website (qindex.com) a negative signal is hoisted when the market is trading below 5050. The current expected upper trading range is 4984.8 - 5006.7 and the lower expected trading range is 4928.9 - 4939.3."

wellington am 05:45 GMT May 23, 2006 Reply   
Just can across an interesting observation. Gold has Contango, and Silver has backwardation. The GC/SI ratio on the 2010 contract is currently quite high level of its trading range at 73.2 (high was 74.5).

Surely there is a possible arb here?

http://www.futuresource.com/charts/charts.jsp?s=GCZ10/SIZ10&o=&a=D&z=800x550&d=medium&b=LINE&st=

Melbourne Qindex 02:55 GMT May 23, 2006 Reply   
S&P 500 (future) : It is the leading indicator among major stock indices. As showm at the front page of my website (qindex.com) a negative signal is hoisted when the market is trading below 1277.7. A panic selling can be triggered if the market fails to stablize within the extreme trading ranges of my monthly cycle at 1243.1 - 1253.5 - 1263.9.


S&P (June) : The current expected lower range is 1253.4 - 1256.7 and the expected upper trading range is 1270.2 - 1274.7. The daily directional indicator is 1262.0* - 1270.2 - (1285.4). The distribution profile of super magnets are as follow : - 1227.8* - (1232.9) - 1251.8 - 1262.0* - 1264.1* - 1270.2 - 1281.2 - (1285.4) - 1296.2* - 1310.5 - (1337.9) (One have to be very alerted if the market exceeds either end of the distribution profile within this week). The market is under pressure if it is trading below 1262.0*. A projected supporting level is expected at 1242.8 - 1243.1. A projected resistant barrier is positioning at 1279.1 - 1281.2. 

Syd 01:26 GMT May 23, 2006 Reply   
Shanghai copper futures open lower on follow-through selling after trading curtailed when daily limits hit yesterday, with benchmark August copper last down CNY1,970 at CNY71,950/ton. Expected to stay around current levels, supported by combination of fresh buying, short covering after LME recovery overnight, says local trader

Melbourne Qindex 01:11 GMT May 23, 2006 Reply   
Hang Seng Index (cash) : The market is going to tackle the projected supporting barrier at 15713 - 15747. In the last session the market closed at 15805.52 and a negative signal is hoisted in my system (see the front page of my website at qindex.com). The current expected lower range is 15663 - 15703 and the expected upper trading range is 15904 - 15926.


Hang Seng : The daily directional indicator is 15663 - 16222* - (16307). The distribution profile of super magnets are as follow : - (15305) - 15515 - 15663 - 15713* - 16038* - 16161 - 16222* - (16307) - 16609 - 16929* - (17309)(One have to be very alerted if the market exceeds either end of the distribution profile within this week).

Melbourne Qindex 00:45 GMT May 23, 2006 Reply   
Nikkei-225 (NK, CME) : In the last New York session the market hit the low and the high at 15625 and 15820 respectively. It settled at 15735, a loss of 490 points. As shown at the front page of my website (qindex.com) a negative signal is hoisted when the market is trading below 15810. We have to wait and see whether the market can be stablized in the next few days.

Melbourne Qindex 00:33 GMT May 23, 2006 Reply   
Australia All Ords : As shown at the front page of my website (qindex.com) a negative signal is hoisted when the market is trading below 5050. The current expected upper trading range is 4984.8 - 5006.7 and the lower expected trading range is 4928.9 - 4939.3.

The daily directional indicator is (4942.3) - 5037.2* - 5040.4. The distribution profile of super magnets are as follow : - (4656.4) - 4896.3* - 4927.2 - 4928.9* - (4942.3) - 5037.2* - 5040.4 - 5048.5 - 5169.8 - 5178.0* - (5228.3) (One have to be very alerted if the market exceeds either end of the distribution profile within this week). The market is under pressure if it is trading below (4942.3). A projected resistant barrier is positioning at 5085.3 - 5089.8. A projected supporting level is located at 4943.5 - 4949.8.

Syd 00:11 GMT May 23, 2006 Reply   
Amid continuing weakness in commodities, equities and emerging market debt, U.S. 10-year Treasury's yield has slid back to 5.00%, nearly in line with current federal funds target rate. Question facing investors is whether safe-haven buying of Treasurys, that has sharply pressured those who had bet on more declines, is start of bigger trend or simply a classic correction. Some bond market observers caution reading too much into recent price action: "There is an unwind of very crowded trades in Treasurys - that were expecting a steeper curve and higher rates - taking place," says Jim Caron at Merrill Lynch.