22 Nov 2009

Weekly Analysis - WE 29 Nov 09

Lt Sweet Crude Oct Fut – Long only on pullbacks – Boss shows inverted doji again and looks like a bull flag. Still above rising TL and monthly 50sma.

Nat Gas – Weekly gap up last week but ended in a bear Spinning top. Could be a LH from the last high. Wait for HL to establish before going Long.

Gold – Monthly Bull Candle breaking old highs. 3rd Boss bull trend candle after BO test 2 weeks' ago. Long Only.

DowJones Sep Fut -(YMZ9) – Weak boss close as a poss channel /wedge overshoot. Wait for confirmation then Short only below 10000 level.

FTSE Fut (FFIZ9)– Boss is still in a bull trend but last week's close was bearish spinning top on the 5300 level. Worker gives a hammer and as Al Brooks said - “you should take every with trend entry offered.” So, long above 5315! Short below the boss 20ma and hammer base of 5215.

Cable – Boss shows a BEOB in a topping formation, short only below last low at 1.6500.

Gbpyen. - Boss still in major uptrend but minor down move. Worker has broken out of pennant to downside and is below Mas. Short only esp if last low at 145.70 is broken.

Gbpchf – Weekly shooting star at top of bear flag and 20/50 clustered MAs. Short below 1.6750.

Eurusd – Boss shows a BEEB. Short below 1.4780 after double top on worker.

Audusd – Monthly still in Up trend. Boss shows BEOB. Worker gives a hammer and as it's off the rising TL one should take the long above .9225. If TL goes there will be test of the break so wait for that test before short.

Usdchf – Poss bottom forming but would like to see a significant HL before long and a close above the SR at 1.0250 before long – Neutral.

Usdcad – Boss IB (bull). If high of last 2 weeks ago is broken then we have a confirmed HL. Close above 1.0780 would be bullish.

USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker yet to show a HL so still short only.

Euryen – Boss still rangebound; Bear close last week. On good SR level so if 131.70 goes – short only.

Eurgbp – Boss bullish close but still within the hanging man from previous week. Still above major UP TL so long only as market tested the recent BO high of the last minor down move last week and bounced off it.

Eurnzd – Long only here as we have a confirmed TL break, test and a higher low. Boss gives a BUOB and close above both worker MAs. Long.

Gbpcad – Boss IB. Worker Shooting Star in control still so short below 1.7586.

Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short. Boss shows a BEOB and LH. She's coming back to Earth troops! Short only.

Audyen – Closed below the 82.00 level and last high of UP Trend test. Confirmed LH on boss with BEEB. Short only.

EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand. Boss gave us an IB last week. Wait for IB break.

GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a bull IB (bodies).

CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.

NzdJpy - Monthly Shooter – Boss BEEB. Worker TL broken and tested. Short only