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CRUDE-GOLD-EURO-ES: CLOSING COMMENTS

 

10/26/11

Closing Comments:

ESZ11:

Quite tricky regarding the immediate direction

Because 1237.00 is the pivot (regarding direction) at 4:15EST

But it should be up to 1247.00

If we had closed at 1237.00 then it would be down to 1221.50

The time frame is until tomorrow’s open

What bothers me is this; I’m looking for a down move (overnight session) on the crude; which also puts the ES down.

Crude:

We never reached 89.85 (we should) but in the event we fail to, then expect a monster reversal up to 101.30. I’m expecting it head down to 88.96 or lower down to 88.09

 

EUR/USD:

Back down to 13820ish ; a further move back down to the key support pivot at 13659 would not surprise me.

 

Gold:

In a few hours I’ll update it, but we could see a pullback (1686/1687)

But first we have to see what happens at 1702.80 (bounce level)