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what does Wed hold?

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Not applicable
Markets are very interesting at the moment - lots of opportunities. ZAR seems to have put in a double bottom and the 708.50 level is support. If you like buying on pullbacks this would be an excellent oppurtunity to go long USD/ZAR as we are between the 61.8 and 50% retracements. Gold of course is approaching the key 650 - we are overbought on the hourly chart so watch for a possible retracement to 639 level. The most exciting I think is the March top 40 contract which should be good for 280 points or so up to 23082.
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45 REPLIES 45
Not applicable
Good Evening Chartman, Whats you take on the Dog tomorrow? Boys on Summit very positive on BIL, interesting to note your views?
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Wizard
Super Contributor
Not to mention SOL that will be at 240 tomorrow!!...the whole Resi pack will be charging upwards!
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Mic
Super Contributor
I hope SOL goes up tomorrow got plenty solsbg solibj and gfisbn.
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Wizard
Super Contributor
It over 5% in NY!
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Mic
Super Contributor
Im going to bed now Cheers Wiz and whoever still around
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vusi_1
Contributor
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Wizard
Super Contributor
Good idea...We don't want to miss the party of Billy, Angie, Harry, Solly and their dog tomorrow!
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Mic
Super Contributor
Good morning, I know im a bit early for the party but I will just wait outside, ok.
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Not applicable
well - 23000 on the March contract- gold retracing nicely - USD/ZAR moving higher....
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RDB
Super Contributor
well done Chartist - how do you predict the $ movement on gold for any given day? eg how did you know gold would move $14 odd yesterday?
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Not applicable
support resistance - overbought/oversold levels - the charts thats all...
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RDB
Super Contributor
my 30 min chart shows $644 close to a buy, still waiting for hourly though and trust we will see $640 before hourly confirms and we can go in big
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Not applicable
Ja gold seems to have completed its retracement - we saw a 50% retracement @642.70 - would have like to see somewhere between the 50 and 61.8 but I think we can buy now - of course we can still see some volatility at the London open....
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RDB
Super Contributor
what time is london open
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RDB
Super Contributor
so far a high of 23,070 - excellent
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Not applicable
8.45 thats 10.45 our time
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RDB
Super Contributor
thanks Chartist, gold coming down nicely as expected
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Not applicable
Tx C..... but what is u guys take on Brent is 50-54.00 is this the trading range? Could she pull back to 45 there round....lots of talk @ the mo about oil????? Gold keeping an eye out.They are down @ the mo.Topi UP what gives????US Futures down @ the mo aswell.
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RDB
Super Contributor
currently gold 643,2 and hour chart trigger a few up ticks away
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