Index Futures, Forex Reports 13th June 09

Weekly Index & Forex Reports out now...

Australian Index (SPI) Futures

http://austindex.blogspot.com/


DOW and S&P Index Futures

http://usindexweekly.blogspot.com/

EUR/USD, AUD/USD

http://www.forexspread.blogspot.com/


OIL Futures:- OIL BOIL

http://www.oilboil.blogspot.com/



Note: Weekly BHP, RIO, and Banking Report Update

http://aussie-stocks.blogspot.com/




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    • Posted by

    SPI Daily 12th June 2009 recap

    "Yesterday the market reached the June highs @ 4042 and has continued up into the sycom JUNE highs @ 4088.

    At this stage until price closes or breaks out of this range, the view is that the SPI is moving back down into the Weekly 50% level next week.

    Today we have the exact same view.

    If price is going to reverse down from sycom highs @ 4088, then the day session needs to remain below 4070.

    Friday:- resistance 4070"



    SPI Monthly and 5-day pattern

    4070 stalled price from rising for most of today, but the JUNE highs in the day session stopped the market falling below the monthly highs.

    There is an expectation that price will move back towards the Weekly 50% level next week....

    However, A Friday close above 4042 can easily see the market continue higher.

    It's up to US markets to give the lead on whether the SPI reverses down next week, or continues with the breakout in June and a continuation towards 4400



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    • Posted by

    S&P (e-mini ) 11th June 09 recap

    "Range bound between the Weekly 50% level support levels and June highs.

    Trade on the side of the 5-day 50% level.

    No probability pattern"

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    S&P Weekly and 5-day pattern

    US markets continue to consolidate in a tight 5-day sideways pattern.

    Once again price failed to reach the Thursday highs for any reversals back down into the mid-point.

    Eventaully price will have to pop either way:- breakout of the 5-day range????




    Posted by

    SPI Daily 11th June 2009 recap

    "JUNE highs reached @ 4042:-

    These levels have been resistance over the past few months.

    Normally the reversals have been occurring around matching 5-day highs on the same day.

    That's not the case on Thursday.

    A move above 4028 has an expectation that price will push up towards Thursday's highs @ 4066"

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    SPI Weekly and 5-day pattern

    SPI completes the move into June highs @ 4042.

    Around 4042 was a lot of resistance, but couldn't move back under Wednesday's breakout @ 4028.

    Around these monthly highs have been major resistance levels for the past 3 months :- Dynamic model resistance levels.

    There hasn't been a Daily close above these levels for the past 3 months.

    We now have a Daily close above these highs:- Whilst above 4042 the next upper range is 4141

    If we see a Friday close above these highs, then there is a larger primary reversal trend taking place that has a target around 4400.








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    • Posted by

    DOW Futures 10th June 2009 recap

    "US markets supported after the first 2 days of trading, along with price trading above the MAY highs, there is now an expectation that the 3rd day will continue higher towards the June highs.

    Normally I would look to the 5-day highs as a short, and it could resist price today    "

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    DOW Weekly and 5-day pattern

    With Wednesday starting above the 5-day 50% level the only conclusion I could see was a push up into June highs along with a move towards Wednesday's highs.

    The push upward didn't move high enough to take any short positions, and I didn't expect Wednesday to play out as it did.

    US markets trading within a tight 5-day pattern and back around the 5-day 50% level, to close out the day.



    Posted by

    SPI Daily 10th June 2009 recap

    "SPI is in a tight trading band that is still trading above the MAY highs with the expectation that price is heading towards the JUNE highs.

    Based on the price bar (HOOK), I would lean towards price pushing upwards, with the potential move towards Wednesday's highs @ 4028.

    The day session 5-day 50% level is @ 3974 is the trend guide"

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    SPI Weekly and 5-day pattern


    SPI continues higher and towards the JUNE highs @ 4042.

    Today was simply trading on the correct side of 3974 and the 50% level.

    Once above that level the market bias was to move into 4000, and above that it was 4028, and Wednesday's highs.

    June highs are seen as resistance zones, but I'm not factoring in a down day in US markets, especially after a 2-day stall pattern above the Weekly 50% level.


    Posted by

    S&P (e-mini ) 9th June 09 recap

    "No probability pattern on Tuesday other than reacting & trading on the side of Support"

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    S&P Weekly and 5-day pattern

    Small range day on Tuesday, and US markets remain in a consolidating trading pattern ready to pop out.

    Price is curently trading above the MAY highs, with the expectation price is moving towards the June highs.

    At this stage the expectation is to continue higher after a 2 day sideways pattern early this week...

    As long as price remains above Wednesday's support.


    Posted by

    SPI Daily 9th June 2009 recap

    "The closer it opens to the 5-day 50% level @ 3958, there is an expectation that price is pushing down towards 3914.

    Above 3958 and there is an expectation that there would be a move upwards
    42-points"

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    SPI Weekly & 5-day pattern

    Today was all about trading on the side of the 5-day 50% level @ 3958.

    Because of where sycom closed @ 3940, my expectation was that a test and rejection pattern from 3958 would occur and move down towards 3914.

    However once price moved above 3958, there was an expectation of a 42 point move upwards, which completed @ 3997:- today's high.

    Once 3997 reached the market reversed back down, but there was still an expectation that 3955-58 would support the market.

    Sadly, the support only lasted 18 points and not the desired 41-44 points.



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    • Posted by

    S&P (e-mini ) 8th June 09 recap

    "As per Weekly report, there is an expectation of a pullback into the Weekly 50% levels.

    Below the 5-day 50% levels and looking for a move down into support levels @ 927"

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    S&P Weekly and 5-day pattern

    US markets started Monday below the 5-day 50% level and pushed down into Support levels.

    At this stage whilst prices remain above the Weekly 50% levels, along with the 5-day 50% level there is a view for higher prices in June.



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