Wkly analysis for week commencing 27 Sep 09

Lt Sweet Crude Oct Fut – Boss chart is no bearish as the up trend line has been broken as has the last low of the uptrend. Price closed below the Boss 20 ema. Next SR level to target is 59.00. Only IRAN could foul things up this week and send oil rocketing again.

Nat Gas – Major move up last week but long is on as the down TL has been broken and tested around the SR level at 3.812. PA is now above the 20 and 50 emas on the worker chart. Long only above the LAST HIGH of the down move at 4.110

Gold – Up trend still intact. At key $1000 level. Only trade long but bear in mind we could be at a top after 2 strong TL breaks this could be a higher high. Weekly spinning top this week at 1000 level. Buy pullbacks.

DowJones Sep Fut -(YMZ9) – Up TL still intact. Boss now above Big Boss 20ema. PA is at top after 3 pushed up ending in a doji. Poss top as we are at the major down TL now on the boss chart. Last week ended with a bear candle but could be an IB on the bodies only. Iran may play havoc this week as people will get spooked. Watch closely!

FTSE Fut (FFIZ9)– Boss chart still bullish, Up TL still intact. Also had 3 pushes higher; Boss shows a bear IB. . Poss market top. Also right on the 50% Fib from boss H to L. Worker chart shows a break below the recent up TL but we are resting on the support from the BO from the last high of the up trend. Wait for TL break and test before short.

Cable – Trapped under Monthly 20ema and at major down TL from high thru recent shooting star. Last week was a bear candle but we are right on the 1.5900 SR level. Up TL is now broken and tested. Short only on pullbacks – now below the Boss 20 ema.

Gbpyen. - Now had 2 TL break and the boss hammer l2 weeks ago worked as planned and we had another big bear candle. PA has now broken below the 50sma again. Short only on pull backs – target of 131.00

Gbpchf – This pair is still in free fall and has broken all support and Mas. 157.00 level next as the poss support from the broken down TL? Short only on pullbacks.

Eurusd – Still in an Up Trend but boss shows a spinning top on the key 1.47 level (same level as the rejected lash high in Dec 08. Wait for confirmation but a poss top from a failed wedge BO.
Audusd – Major up TL is still intact on boss with bullish PA. Boss shows another spinning top (pause bar). Wait for PA but don't bet against the boss.

Usdchf – Boss has broken thru all major levels and up TL's and is still bearish . No trade here.
Usdcad – BUEB on boss chart this week bouncing off support at 1.0680. The major UP TL has been broken but I would only imagine a test of this broken TL from the underside so any longs would target 1.1060ish at first and the monthly 50sma.

USDYEN – Major down TL's have been broken and PA is very bearish. Very steep minor down TL but the last low of the UP TL has been broken. Boss shows a BEEB and PA is resting on the major monthly UP TL. Short only with target of 86.00

Euryen – Major UP TL has been broken and tested from underneath. Last boss candle was a hammer but last week gave a loose IB that has been broken to the upside. Boss shows a poss BEEB under the broken up TL. Short only on pullbacks.

Eurgbp – Major UP Trend is still intact with minor DOWN TL now broken and poss tested. Boss gives us a 2nd large bull trend bar. LONG ONLY on pullbacks.

Eurnzd – Boss down TL still intact and we have a BEEB this week too. PA closed below the broken Up TL now but also approaching the monthly 50sma. 2.036 level acting as support on the worker. Wait for PA to confirm.

Gbpcad – Messy. Last week gave us an inverted hammer. Worker has put in a very loose HL. Still in a down Trend. Major up TL's have been broken. Wait for test of broken TL.

Nzdusd – Boss is still in major UP trend. Broken thru 61% Fib retrace could be targeting the 77% retrace at 0.7386? Major UP TL's still intact. Worker gives us a shooting star 3 days ago. Boss chart still very bullish. Sit out until TL is broken.

Audyen – Boss chart still in major Barb Wire – had a major up TL break then a higher high but has now closed with a bear candle. Closed below both worker Mas. Last low of the up trend has not been broken so wait for this break at 76.00 level to break.

EurCad – Long only as we have another bull candle close above the Tls this week. PA above the 2 worker Mas and the 20ema from the boss. Need a break of the boss 50sma now but we are still in this long term bear channel.

GbpCad – In a major down trend. Short only on pullbacks, target of 1.5165