Sunday, October 30, 2011

What started as boring night

Yen intervention causing lots of fun and games in the overnight session — here are some levels we have on our radar:

Let’s start with gold ($GC_F):     first support to come is around the 1710 zone.
Next support comes up on daily on trend-line near 1640
Euro Futures ($6E_F) has lots of stickiness in this 1.40 zone.
And last but not least the “widow-maker” as @stockjockey refers to it, $SI_F has minor support — blue line near 33.15 zone.
And on daily more substantial trend-line support — blue arrow near 31.5 zone.