Friday’s Futures Setups
February gold
(
GCG2 |
Quote |
Chart |
News |
PowerRating)
came in very strong on the opening after a surge of fund buying overnight, which
lifted the spot price to a $289.75 high. Feb gold closed at 287.20 well above
its R1(286.13). Feb gold is on the Trading
Markets.com Momentum 5 List.
March silver
(
SIH2 |
Quote |
Chart |
News |
PowerRating) closed at 469.50,
just below its resistance level (4.70). March silver is on the Trading
Markets.com Momentum 5 List.
March oats
(
OH2 |
Quote |
Chart |
News |
PowerRating) is forming a doubletop.
A 5% break below its valley at 192 could signal a downturn.
March Australian Dollar
(
ADH2 |
Quote |
Chart |
News |
PowerRating)
yesterday broke above key resistance. Today it held above its support
level, closing at 52.07.
U.S. debt futures had a robust finish Thursday, with the market downplaying
bearish jobless claims in favor of heightened expectations that the Fed will
slash interest rates again.
March U.S. Treasury Bonds
(
USH2 |
Quote |
Chart |
News |
PowerRating) broke out above its R2 (102.083) to close at 102.260.
March 10 YR Note
(
TYH2 |
Quote |
Chart |
News |
PowerRating) broke out
higher above its R2 (105.89) to close at 106.031.
March 5 YR Note
(
FVH2 |
Quote |
Chart |
News |
PowerRating) broke out and
closed above its R2 (106.000) to close at 106.115
|
Contract
|
Setup
|
Direction
|
Trigger
|
| March S&P 500 ( SPH2 | Quote | Chart | News | PowerRating) |
Ascending Triangle |
|
Break above 1174.95 |
| March Dow Jones ( DJH2 | Quote | Chart | News | PowerRating) |
Ascending Triangle |
|
Break above 10242.20 |
| March sugar ( SBH2 | Quote | Chart | News | PowerRating) |
Cup and Handle |
|
Hold above 7.80 |
| March cotton ( CTH2 | Quote | Chart | News | PowerRating) |
Cup |
|
Break above 38.68 |
| March cocoa ( CCH2 | Quote | Chart | News | PowerRating) |
Flag Pattern |
UP |
Break above 1400 |
March copper ( HGH2 | Quote | Chart | News | PowerRating) |
Flag Pattern | UP |
Break above 71.75 |
March wheat ( WH2 | Quote | Chart | News | PowerRating) |
Flag Pattern | UP |
Break above 304 |
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