weekend wrap up eco cal what to do tonight

The new week is in front of us and talk of the exit strategy and Stiglitz and Rogers and even Roubini's seem to have the futures running for the exits.

 I sold at 68.8 and it is now 68.2 I am moving my stop to 69 

Things do not look good but you may get another pop where you could sell where I did and it would be hard for me to tell you to sell here.

I am also long the ng contract at 2.98 but not sure I will hold onto to even that if futures keep getting pounded.

here is the ecocal

22:45 NZD Retail Sales M/M Jul 0.40% 0.10% 22:45 NZD Retail Sales Ex-Auto M/M Jul 0.50% -0.40% 04:30 JPY Industrial Production M/M Jul F 1.90% 1.90% 04:30 JPY Industrial Production Y/Y Jul F -22.90% -22.90% 07:15 CHF Combined PPI M/M Aug 0.10% 0.00% 07:15 CHF Combined PPI Y/Y Aug -5.40% -6.10% 09:00 EUR Eurozone Employment Q/Q Q2 -- -0.80% 09:00 EUR Eurozone Industrial Production M/M Jul -0.20% -0.60% 09:00 EUR Eurozone Industrial Production Y/Y Jul -16.70% -17.00% 12:30 CAD Capacity Utilization Rate Q2 65.50% 69.30% 12:35 USD Fed's Duke Speaks to CPA Conference in Washington -- -- 16:30 USD Fed's Lacker Speaks on Financial Regulation in Charlotte -- -- 19:50 USD Fed's Yellen Speaks on Economic Outlook -- --

 

Things are a little dismal staring in Australia and Japan 

On Friday we wish we were bearish in Oil and we told you to buy dips in gas 

i wish we would have stuck with ur original diagnosis of a rollover and a short squeeze in gas as it collapsed from 3.4x to 2.92  We did recoup a little trading back and forth between the 50%retracement and 3 at te end of Friday's trade

I suffered two bad stops in natty prematurely bottom picking but I was short oil in several spots and only took one stop out on a 70 buy versus several short and cover plays.

Again im bearish and short I did not think it would fall out of bed quite so fast I think you may get one more chance to short higher maybe near my stop I do not plan to scalp this tonight.

My target is 67 I will look to see if anything changes my stance and will post but for now 

still bearish oil and cautiously bullish in gas