Tuesday, September 15, 2009

X and Natty

yesterday If you read all my postings I mentioned that The top of X current trading
I told you 47 was near the top of the recent range steel prices down 8% fundamentals chase the technicals this time Probably wise to take some off the table here if you are long US steel
I still believe long term X will break 100

I would be remiss id I did give you the voo doo report that natty has stong overhead resistance at 3.6 and looks a bit toppy here even at
3.4 safer for me to buy the discount keep in mind inventories will be out in a couple days the fear alone should sober this a bit


crude has a bear flag