FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

47.11 could be the next stop

 

[MichaelJohnFX]

pop. time to hold this baby - should be a strong one

 

[Dentalfloss]

47.11 could be the next stop

did not last long
but...maybe that is the res for today
lookin like that now
47.11-47.58

 

[Dentalfloss]

approx 400 point move
is there a shortage ??

 

[Dentalfloss]

still pumpin

 

[Atilla]

approx 400 point move
is there a shortage ??

Last I recall Venezuela called an OPEC meeting to discuss oil price. Not much of them having influence but...

http://www.wsj.com/articles/venezuela-asks-opec-for-emergency-meeting-on-oil-prices-1440699480

Another theory was banks giving up on stoking inflation with negative rates and now trying to induce it by raising cost of oil.


No plans to pay of debt other than inflate out of the burden. Hence, march forward in gold price. 1170s to be tested again soon and wouldn't be surprised if we get to to 1200 next few weeks.

 

[Atilla]

WTI - Oil - 4H Chart - PP levels.

Looking very bullish with MA crossovers. RSI looks well OB though.

Worth a punt off R3 @ 50.91

I thought it would sink to $32 but was obviously wrong. :whistling

 

[Dentalfloss]

EIA monthly output report for oil move
Time for some beers

 

[Dentalfloss]

WTI - Oil - 4H Chart - PP levels.

Looking very bullish with MA crossovers. RSI looks well OB though.

Worth a punt off R3 @ 50.91

I thought it would sink to $32 but was obviously wrong. :whistling

posted a chart last week with break of trend shown

 

[Atilla]

Opec says no quick fix... http://www.marketwatch.com/story/opec-says-theres-no-quick-fix-for-low-oil-prices-2015-08-31

 

[Dentalfloss]

You got a great short ...chronic
Excellent stuff

 

[Dentalfloss]

spx into the Euro open
do we bounce or continue down ??

 

[Dentalfloss]

dax
areas to watch

 

[Dentalfloss]

spx 1 minute


pumpin nicely from that horizontal supp
stack of res overhead res

 

[Dentalfloss]

1945 is that aqua horizontal res area
scalp out of that
pumps into it
orange horizontal and trend res was 10103 area on dax chart posted earlier
got hit and it dumped

 

[MichaelJohnFX]

Morning

Areas:
10120, 10180-10200 Horizontal res.

 

[Dentalfloss]

spx back into 1935 horizontal supp for a bounce
check where the bounce takes us

 

[Dentalfloss]

should bounce to 1951 area....lets see what happens
1947-1951 big res area

 

[Dentalfloss]

updated 5 min that we posted yesterday

in limbo
chart got more bearish overnight
10k area /green...a big number
breakdown is 10118..hit earlier..pink horizontal

 

[Dentalfloss]

1925 a previous breakout area...its 1925-1930
could be supp there