Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: rogermci® who wrote (18691)	2/1/2017 6:02:49 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

I agree and CLR needs to hold it's 200 day MA..... if not the .382 retracement is at 44 and you notice that is the area of support several times this past year. With WTIC I believe that that is the range maybe more like $48 to $55. above $55 the fracking increases quite a bit.... I was just looking at an article that Crude production is down a little from Russia. We have to remember that the level of the USD directly impacts the price of crude ..... Trump wants a lower dollar.. and there are a number of different currencies involved. John

To: rogermci® who wrote (18691)	2/2/2017 4:36:55 AM
From: John Pitera	1 Recommendation Recommended By 3bar Read Replies (1) \| Respond to of 33421

I could see the USD/JPY poping up to the 115 area basis interbank market. back towards the top of it's range and the 50 DMA. but In all honesty the USD/JPY and the CME yen Futures are a very much a coin toss as to which way the next 400 basis points go. as this is a market that is in a classic congestion phase. the 60 minute globex futures look like they are softening and could move down some to 87.80 basis the march futures. the daily 1 year USD/JPY really says we are in a congestion zone