Monday, August 15, 2011

Daily Blatt August 15 2011

$US/ChF is trying to turn up. Day trading only in ChF until direction (most likely ChF down) clarifies.

$A broke to the upside today. 1.08 is the target for now.

€ had a strong bullish day, but still are not trending. The same is true for £.

$C look to be starting another run up. On the $US/$C chart, that is down with a target at 94

Bonds had an inside day and still look as if the next move will be down. ES had a small upward move. I expect the dominant theme, for a few days at least, will be up. Crude looks much like ES.

HG is not a happy camper. For the moment, I'd not trade long.

NG is curious. In some ways it is less bearish than HG, even though it was down and HG up today. I'm in no hurry to take a position here, either.

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