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Futures and options trading contain substantial risk of loss and may not be suitable for all investors.
We thought we would provide a sneak peak at two sections from this week’s Trade Focus which will be sent out by email tomorrow December 24.
Also we want to remind readers of this page that Trade Focus is until further notice only available to our email list.
If anyone is interested in seeing the Trade Focus in its entirety please send us your request and email address to jmajer@mfglobal.com or cbands@cbandsbrokerage.com
Here are this week’s sections on Gold and T-Bonds:
Gold (Feb.) – There remains an active suggested short entry position from the price zone between 114000 and 115000. We believe stop protection can be lowered to intraday penetration of 113460 or a close at or above 112430. Retracement levels of resistance are approx.: 111120; 112240; 113370. The next series above is approx.: 113310; 115110; 116910. Retracement levels of support are approx.: 109320 (hit); 105130; 100950. The next series beneath this is approx.: 103380; 97340; 91300.
T-Bonds (Mar.) – There remains an active suggested short entry position from the intraday penetration of 119-21 back on December 4. We believe stop protection can be lowered to intraday penetration of 117-24. We can identify a near term target at approx. 114-28 and suggest that some may want to at least reduce the size of their position at this price level. Lower prices are still a viable potential but capital preservation can be a key element in long term success. We will need to allow additional pattern development before updating retracement levels.
Happy Holidays to everyone.
We wish the best for all and a good trading year in 2010.
Jeff
CB&S
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