pay attention or pay the offer

thoughts on markets & cetera – christopher carolan

pay attention or pay the offer header image 2

Other Markets, Other Rooms

February 3rd, 2009 at 7:56pm · No Comments

Quite a while ago I tagged the big resistance level in gold to be 920-933. So it’s no surprise that the metal has turned back some from that area. The solunar wind is still at it’s back, so we’ll see if it can make another stab at the resistance.

The Euro generated another RSI divergence today. There’s a buy net-line in force at 1.3179 for the next four trading days. A close above there could see a good move higher for the euro.

The Cycle-trap divergence in oil failed to carry the rally higher. I can’t be bearish on oil here however. It still appears to be basing

click chart to enlarge

click chart to enlarge

click chart to enlarge

click chart to enlarge

Tags: Crude Oil · Euro · Gold

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

You must log in to post a comment.