Wednesday, November 30, 2016
Wednesday, November 30, 2016 #PreMarket Morning Crude Oil Comments from MB
Hello, the crude oil market is subject to headline rumor and
fact today, overall I am disinterested with micro levels and am trying to look
at the larger picture. With a $4 buck bounce since yesterday midday, its hard
to take this market extremely seriously. However, I think the best opportunity
will be when/if buy the rumor becomes sell the news. $49.20 from last Tuesday
almost printed this morning, seems to be an area to lean on for a pivot through
this week. I lean toward selling below.
$52.00 (***)
$50.00 (**) Weekly Target Above Pivot + some psychological
resistance
$49.20 (***) Pivotal
$47.20 (*) If short below $49.00, I’d target here initially
$46.25 (**) Target on runner
** I don’t mean to be so biased, typically I make every attempt
to refrain, however, I wouldn’t be buying here although it can certainly go
higher, but I see risk/reward better for a sell the news**
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Wednesday, November 30, 2016 #PreMarket Morning US Treasury Bonds Comments from MB
Good morning. Busy day on the eco calendar, as well as the
months end trade and the roll. I expect to lead to further lower prices amongst
Treasuries.
Note: Overnight, volume moved to the March 17 contract, I am
using those levels today:
152’22 (***) Resist
152’16 (**) TGT 2 + Solid Resistance
152’10 (*) First Higher TGT
152’04 (*) Early Pivot
151’24 (**) Lower Target + Support
151’19 (**) Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
Subscribe to:
Posts (Atom)
Disclaimer and Terms of Service
© Copyright 1998-2023, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, Naples, FL 34112, Admin@HamzeiAnalytics.com (310) 306-1200. The information herein was obtained from sources which Hamzei Analytics, LLC believes are reliable, but we can not and do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Hamzei Analytics, LLC or its principals may already have invested or may from time to time invest in securities or commodities that are recommended or otherwise covered on this website. Neither Hamzei Analytics, LLC nor its principals intend to disclose the extent of any current holdings or future transactions with respect to any particular security or commodity. You should consider this possibility before investing in any security or commodity based upon statements and information contained in any report, post, comment or recommendation you receive from us. The content on this site is provided as general information only and should not be taken as investment or trading advice. Any action that you take as a result of information, analysis, or conclusion on this site is ultimately your responsibility. Always consult your financial adviser(s) before making any investment or trading decisions.
