Tag Archives | United States

Swiss Franc, Play a Retracement

Since putting in a bottom on 5/22 at 1.0186 the Swiss franc has appreciated 6.5%…as of last week lifting futures to four month highs. I am operating under the influence an interim high way reached last week at 1.0962. Let the Fibonacci levels on the chart below guide you on this trade as I am […]

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Weak Gasoline Demand Creates Headwinds for Petroleum

Petroleum prices have rebounded slightly but remain depressed near the bottom end of the current range.  The recent barrage of weaker than expected economic data and the realization that the US could become an oil exporter has placed pressure on crude oil prices, driving WTI down below 95 per barrel. Inventory from the Department of […]

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