Trading Recommendations by Al Martin

Discussion in 'Trading' started by BobWelldone, Sep 23, 2012.

  1. Air Bleeds from Hopium Clouds

    (9-23-12) We saw the Dec. Long Bond contract pickup in line with our previous week's suggestion. We have been trading the contract on the long side since 144.16, where we originally recommended buying the contract. The contract had a good close at 147.00. We believe that 148.00 now in the offing in the coming week’s trade.

    The Dec. Dollar contract – holding support at 78.80, as the Euro, which we have been short from 1.3150, continues to move lower. We would expect the Euro to break under 1.29 in the coming week’s trade.

    The Nov. Oil contract – we are now shorting on moves above 93.50 and would continue to look at the 93.50 - 94.00 zone for fresh shorting opportunities

    Dec. Gold – one of the few contracts to break out late week, being turned back at the 1790 resistance level in Friday’s trade. We were short sellers at 1790 on our standing orders, covering at 1775 late session. Although Gold has backed off, we would expect the Gold to re-assault the 1790 level in the coming week’s trade.

    For more information on the future movement of Oil and Gold as well as the rest of this column of market trading recommendations, go to independent trader Al Martin's website <A HREF="">Insider Intelligence</A>

    * AL MARTIN is a market trader as well as an independent political/ economic analyst with 25 years of experience as a trader on NYMEX, CME, CBOT and CFTC. He is considered to be a source of independent analysis for financially sophisticated and market savvy investors, as well as subscribers who want to understand the behind the scenes working of markets worldwide.

    Al Martin's website "Insider Intelligence" <A HREF="">Insider Intelligence</A> provides weekly commodity futures trading recommendations.