Wednesday, September 16, 2009

ECO-

I was right so right about Natural gas look back out the posts since Friday
This turned and missed this last trip up by allowing other's bearishness to cloud my analysis.
What to do now? Well the inventories are out and we have to play them if they are good take the offer if they are bad hit the bid this will move 30 cents in either direction when they break
most likely. My morning line buy at 3.31 was the stone cold bottom just look back if you question it
I want to know who else on the planet called it that close. No one but yours truly.
The supercontange from Oct to Nov is on the clock so look for a trip past 4 like I have ben saying and now at 3.7 not being disputed or back to 3.3

We have news and lots of it coming again tomorrow so pay attention profit taking should occur
on the overnight sell the pops we are not ready to fully commit
JPYBoJ Interest Rate Decision0.10%0.10%
23:50JPYBSI Manufacturing index Q/Q Q3-11.4-13.2
23:50JPYTertiary Industry Index M/M Jul0.50%0.10%
08:30GBPRetail Sales M/M Aug0.10%0.40%
08:30GBPRetail Sales Y/Y Aug2.70%3.30%
09:00EUREurozone Trade Balance (EUR) Jul1.2B1.0B
10:00GBPU.K. CBI Industrial Orders Sep-49-54
11:00CADCPI M/M Aug0.20%-0.30%
11:00CADCPI Y/Y Aug-0.60%-0.90%
11:00CADBoC CPI Core M/M Aug0.10%0.00%
11:00CADBoC CPI Core Y/Y Aug1.60%1.80%
12:00CHFSNB Interest Rate Decision0.25%0.25%
12:30CADLeading Indicators M/M Aug--0.40%
12:30USDHousing Starts Aug595K581K
12:30USDBuilding Permits Aug580K560K
12:30USDInitial Jobless Claims (SEP 12)558K550K
14:00USDPhiladelphia Fed. Survey Sep7.84.2