Official Short-term Investments Thread

[Dinan]

new ETF's

huz - silver
hug - gold

huc - crude oil
hun - natural gas

[max_boost]

Originally posted by Nova316
Max_boost how many shares of XIU do you have if you dont mind me asking?

Phew sold off HOD at 11.60 for a small loss, and bought in HOU at 9.85 so hopefully that was the right move. It seems when I dont watch the markets they go my way since when I did the HOD/HOU swap HOD went to 11.80 n HOU went to 9.80 :(

7000 shares aka $100K haha

I bought it when the index was at 9500 so I'm up right now but the hard thing to decide is when to sell and shit. Just the other day I was shitting my pants when the market dropped 400pts=$4K :nut:

I figured if I want to quick flip for money and be safe and hold for the long term etc. this would be the best way to do it.

[max_boost]

Originally posted by Dinan
new ETF's

huz - silver
hug - gold

huc - crude oil
hun - natural gas

FINALLY! NO LEVERAGE! :clap: :clap: :clap:

Why couldn't they have come out with HUC 6 months ago when all of us were losing our shirts on HOU. :nut: :rofl: :dunno:

[Proyecto2000]

Originally posted by Dinan
so OPC just opened under 2$ .... ouch....

I got owned thats almost 50% lower then what I bought at :banghead: :cry:



however I wish i would have had some extra $$$ to buy some at $1.80. it did hit $2.24

[eljefe]

back out of HOD - 30 minutes 400 bucks, thats enough HOD for me today

[Dinan]

^^^^ nice move!!!!!


so you put all your cash there, no more HOD plays hehehehehe.....

[eljefe]

Originally posted by Dinan
^^^^ nice move!!!!!


so you put all your cash there, no more HOD plays hehehehehe.....

HOD/HOU/HGU/HGD etc. are day trades for me, in and out- I hate holding it longer than a couple hours. I have a fair bit in COS.UN though and it has done nicely for me the last little bit.

[max_boost]

Wait a sec, how does this work again?


HBP Winter NYMEX(R) Crude Oil ETF and HBP Winter NYMEX(R) Natural Gas
ETF will use the NYMEX(R) light sweet crude oil futures contract for the next December delivery month, and the NYMEX(R) natural gas futures contract for the next January delivery month, respectively, as its underlying index. Currently, the NYMEX(R) light sweet crude oil futures contract will be rolled each June to the next December futures contract and the NYMEX(R) natural gas futures contract will be rolled each November to the next January futures contract.

So it's based on movement on the winter months? :confused:

[Dinan]

Originally posted by max_boost
Wait a sec, how does this work again?



So it's based on movement on the winter months? :confused:

it's like HOU/HOD but it's not 2x leveraged....... there was a guy on BNN who was talking about it...

[max_boost]

Originally posted by Dinan


it's like HOU/HOD but it's not 2x leveraged....... there was a guy on BNN who was talking about it...

Read my quote again.

[Dinan]

the guy never mentioned anything about that....didn't see your other quote. sorry...

[max_boost]

Same thing with the Silver/Gold ETF:


(HUG/HUZ) that endeavour to correspond to the performance of the COMEX® gold/silver futures contract for a subsequent delivery month. Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of the ETF’s ability.

OK. So it doesn't track the front month but the near month? :confused:

Why?

Why not have one that follows it daily like HBU but no leverage?

If I'm interpreting this stuff properly.....

[Dinan]

HGU:eek:


whats going on, gold hasn't gone up that much....:dunno:


where the gold stocks over sold and now they are being bought back?

[Z_Fan]

I'd have been up $4,300.00+ on HGU since Monday if I had held it. That's annoying. I think I'm actually down $500 or so in the same time frame. Big swing.

[Dinan]

Originally posted by Z_Fan
I'd have been up $4,300.00+ on HGU since Monday if I had held it. That's annoying. I think I'm actually down $500 or so in the same time frame. Big swing.

ahhh, i know man i know!! same here... but not that much profit, about half of that....


but it's better to take profit now then maybe more in few days, specially with a market like this!



you guys still holding HNU ?

[skandalouz_08]

I'm still holding HNU, was tempted to take the small profit when it shot up again but decided I'll hold it another day.

[max_boost]

Why is gold on fire this past week anyway? :confused:

[Rat Fink]

.

[Z_Fan]

I bought and sold small bits of HNU today. Up $420 on that today. Have no shares now though. So that can only mean a huge gap up tomorrow morning! You HNU holders can thank me tomorrow.
:banghead:

[RX_EVOLV]

you aint the only one. I sold my HNU today for a small profit as well.

[slick2404]

about time HEB made a comeback

[DRKM]

Oil is being pretty indesisive tonight. Holding quite a bit of HOD... Excited to hear about NG and oil tommarow. Last check gas reserves where 3 times the expected value...

Hmmmm. Who else is holding some HOD?

[Z_Fan]

I'm holding some HOD and I am currently behind on it several hundreds of buckeroos. Hoping for a bounce tomorrow to get me back in the positive.

But I'm gonna get fucked on gold as it seems to be strong and I bought HGD today thinking gold has had a pretty good run that last few days and was hoping it would run out of steam. But apparently that was a mistake, and will likely cost me a couple grand tomorrow at open. :poosie:

[Inzane]

Originally posted by Z_Fan
I'm holding some HOD and I am currently behind on it several hundreds of buckeroos.

Me too.

[max_boost]

Stop fighting the force boys. :D

[RX_EVOLV]

hope Oil goes up tmr so i can pick up more HOD. I want to hold a full HOD position going into the weekend. I have a good feeling on this one!! ... maybe. I'm usually wrong through..

[DRKM]

Well oil is rallying over seas at the moment. Up to71 dollars.

[SilverRex]

ok friday, you can say a choppy week other than gold, gold has been holding quite nice ever since it bottom out at 913 which is exactly its 62% fibo retracement from the 991 to 865 range. however it has since made very small advance bit by bit and now we are at a critical junture. if gold closes the week above 950 it may turn things around for gold. but until that happens, STOCH is overbought and I expect it to come down any moment with limited upside.


http://i278.photobucket.com/albums/kk118/genmaster/gold062609.jpg

also oil has been defying some regular play outs as the 50% retracement couldnt do the job, and now we are continuing testing its own 62% fibo at around 70.60, yes over night this morning it has temporary touched pass 71 but has since dropped off back below its 62% fibo remember some key numbers I suggested yesterday at 70.60 and 71.68. I did place a short at 71.60s if it gets there great, if it doesnt I still have position averaged out at around 70 oil.

again stoch is over bought, and I expect oil to start coming down. will only be concern if oil breaks above 73.20 in which case the sentiment will be short term bullish with one more leg higher some where between 73-81, other wise I continue to believe oil has topped and looking for shorting opportunity.

http://i278.photobucket.com/albums/kk118/genmaster/oil062609.jpg

now lets look at the US dollar index chart which we havent been doing much lately. this kind of ties in what is happening with everything else.

you can clearly see it has been moving side way pretty much in the last 2 weeks without any real break out on either side. Key support now lies at around 79.60 which means imo that should be at least as low as she goes. which also means when it starts to turn around, so will other markets. so now for trend followers. we will see which way the break out will occur, quite obviously US dollar index needs to break aobve 80.80 to free itself and begin rising (weak oil, weak gold and stocks) or below 79.50 will result in a chance it want to retest its bottom in the low 78 if now the ultimate support 77.7 which if breaches is a serious indication that the recent equities rallies is not finished.

you just have to pick a side. I'm picking up for the dollar at least today.

http://i278.photobucket.com/albums/kk118/genmaster/dollar062609.jpg

[997TT]

woohoo ...oil coming down right before open. I was watching BNN around 6:30 this morning and saw that oil was still positive. But it gradually worked its way down to breakeven when i left the house and now its around $69.70 ... close to my breakeven. lol

Z_fan, i had an order entry up for HGD too. But pulled a chicken-$hit move and didn't end up submitting the order. Left thousands on the table for HGU. Had 5K shares.

[Rat Fink]

.

[Dinan]

SR whats your thought on NG, i'm debating if i should sell while i'm in some GREEN ....

[Z_Fan]

Originally posted by 997TT
Z_fan, i had an order entry up for HGD too. But pulled a chicken-$hit move and didn't end up submitting the order. Left thousands on the table for HGU. Had 5K shares.

Yikes. Well, I think you still kept it a lot longer than I did and made some good coin. But I got nervous with the 10.2x dip it made and bailed pretty much at even. ($100) or something+.

LOL

Which just a couple short days later is up around $4500.00.

Anyhow, now I am down $779.00 on HGD.

Mutha Fucka. Can't get this right. :devil:

[997TT]

ya, i thought my HGU gains were going to disappear with HOD,

But i'm only down $800 on HOD right now.

Fkn TCK. .... had plenty of oppurtunities to rebuy and now its going ballistic. Love/hate relationship with that stock.

[SilverRex]

ok dont curse me if im wrong, but price projection could be in play here. the recent 3 dollar rally in oil has been fulfilled. I still view this as countertrend corrective. and if 71.36 is the top based on its own upward 3 dollar price projected target. Then the swoon once confirmed by breaking below 69.50 (yes we need oil to break 69.50 to feel more confident in this)

then I would project oil to find its way 6 dollars back down to about 65.

another thing to support my thesis is that the US dollar index has touched off the expected low (uptrend line and formed a reversal hammer to the upside) so I would say US dollar for the short term should slowly climb resulting in drop in oil price, gold and stocks

http://i278.photobucket.com/albums/kk118/genmaster/oiltarget.jpg

[Dinan]

looks like there won't be a rally for oil today.....

[997TT]

good. even though i work in the oil patch ... lol
just next week if oil could sell off to $65 i'd be happy.

i'm up $0.02 on HOD now :thumbsup:

[Red@8]

Anyone picking up HGD?

[Nova316]

i picked some up @ 5.98

[SilverRex]

Originally posted by Dinan
SR whats your thought on NG, i'm debating if i should sell while i'm in some GREEN ....

remember I said for swing trades NG at 3.88 would be the max low. It got as low as 3.87 I believe and since has moved back to a bit over 4, but be careful because if 3.88 does not hold it could be quick visit to 3.25 Im not giving NG too much faith at the moment plus some days its impossible to play even when oil and stocks sold off, NG could actually go up and vice versa. If you want to stay in use 3.88 as your mental stop

[Dinan]

Thanks SR.... i'll look for an exit price either under 3.88 NG or in the green... and wait it out and see how it plays out.... your on a roll :thumbsup:



if you got any other plays you think are good, do so and post... i missed HOD.... i thought oil would have a pop in the morning (it did but not while the market was open :( )

[SilverRex]

Originally posted by Z_Fan
I'd have been up $4,300.00+ on HGU since Monday if I had held it. That's annoying. I think I'm actually down $500 or so in the same time frame. Big swing.

that is why I mention 2 days ago when everyone was in the green for HGU to take half the profit off the table then set your other half to break even and make a target to 350 hui which it happily achieved with ease

it all comes down to an entry and exit strategy to minimize loss and maximize profit. Of course holding everything for a few days would be max risk as well as max profit. I tend to favor cashing out half here and there, gives you more ammo for dips and reducing your exposure if the market keeps moving higher, simply because the higher it goes the more overbought it becomes then the risk/reward just keeps stacking against you.

[civic_rida]

boring day on the markets.
Wonder why

[Dinan]

SR you waited till 350 HUI??:D

[Dinan]

damn HNU is crazyyyy... i had a sell order just for kicks at 6.29 and in few min it got filled... wow.....


alright so lets get this bad boy back down....:D

[Z_Fan]

I was gonna buy 2000 shares of HNU this morning at $5.92 but didn't cuz I had to go out and couldn't watch the market. Wish I would have bought...LOL

[Dinan]

Originally posted by Z_Fan
I was gonna buy 2000 shares of HNU this morning at $5.92 but didn't cuz I had to go out and couldn't watch the market. Wish I would have bought...LOL


lol.... buy and set a sell price... thats what i did lol but it was more just for fun, never thought in a million years it would hit it hahahhaha.... i had to go too so i just set i sell price....wish i did it higher :nut:


how did it just jump up of nowhere ???


i got faith in SR, even though he got gold wrong, he said it would hit 12-12.50, but it hit 13 :clap: ... and i'll be loading up when it drops lower :):D


so speaking of gold... it was the market rally that gave it that extra push to higher HGU price, right?

[Nova316]

I hope HGU doesnt move higher haha I bought HGD this morning

Set my sell price @ 6.45 woo :D Now we wait for the downturn

[civic_rida]

Put a sell order for hnu at 6.45

[civic_rida]

sold

[SilverRex]

Originally posted by Dinan



lol.... buy and set a sell price... thats what i did lol but it was more just for fun, never thought in a million years it would hit it hahahhaha.... i had to go too so i just set i sell price....wish i did it higher :nut:


how did it just jump up of nowhere ???


i got faith in SR, even though he got gold wrong, he said it would hit 12-12.50, but it hit 13 :clap: ... and i'll be loading up when it drops lower :):D


so speaking of gold... it was the market rally that gave it that extra push to higher HGU price, right?

well no one can ever pick the exact price level, market do tend more often than not overshoot certain levels. aside from that, what affects HGU even more is the fact we have our US/CAD exchange rate to consider 12-12.5 was really just a rough estimate if hui was to hit 350. but key was to watch the hui index and exit when we goto 350. and 350 is a conservative target level its the first area where there could be heavy resistance. Besides, hgu getting to 13 is because hui made it to 361 on the back of gold touching higher to 948 I expected 943-945 to hold therefore even gold price itself overshot my initial targeted resistance. But no matter its all about picking the winning side.

note: oh and during market rally, the ratio expands between gold share and gold price making shares move more and vice versa when market dips

[997TT]

Hey SR,

Are you still holding HOD?

China comments on the USD/Nigeria are keeping oil up.

got 5k shares so interested in hearing your thoughts?

[aklalani]

anyone holding hnu?

[SilverRex]

Originally posted by 997TT
Hey SR,

Are you still holding HOD?

China comments on the USD/Nigeria are keeping oil up.

got 5k shares so interested in hearing your thoughts?

5000 shares? dam thats alot. Nothing has changed since yesterday and today. I continue to view oil is in a corrective mode which once it tops out it will head down again.

so far euro is topping out at a key area and slowly coming down, I see divergence across many pairs, euro, oil and US dollar index. couple it with the fact they are over bought recently, it should head the other way.

Dont be surprise oil could still make a dollar move upwards to cancel the oversold. But based on chart I expect oil will find its way to 65.

and yes I'm still holding HOD. shorted at 69.50 and 70.50

[Dinan]

Originally posted by SilverRex


well no one can ever pick the exact price level, market do tend more often than not overshoot certain levels. aside from that, what affects HGU even more is the fact we have our US/CAD exchange rate to consider 12-12.5 was really just a rough estimate if hui was to hit 350. but key was to watch the hui index and exit when we goto 350. and 350 is a conservative target level its the first area where there could be heavy resistance. Besides, hgu getting to 13 is because hui made it to 361 on the back of gold touching higher to 948 I expected 943-945 to hold therefore even gold price itself overshot my initial targeted resistance. But no matter its all about picking the winning side.

note: oh and during market rally, the ratio expands between gold share and gold price making shares move more and vice versa when market dips

i'm not complaining.... hehehehe...:bigpimp:

so is this where you see gold topping off for the short term??

[997TT]

Thanks. No worries if things don't work out.

I can't see oil doing jack btw now and close so holding over the weekend i guess.
C'mon oil lets break 68.04 so we can march this sucker down

[Dinan]

Originally posted by civic_rida
Put a sell order for hnu at 6.45

nice..... way to pick the top!!!! nice work:thumbsup:

[civic_rida]

Yea but totally was wrong on oil.

[skandalouz_08]

Haha I got out of HNU at 6.43, sitting on cash for the weekend

[Dinan]

Originally posted by skandalouz_08
Haha I got out of HNU at 6.43, sitting on cash for the weekend

damn, i got out too early.. lol....



lets wait for SR to give us the next play on monday :D


have a good weekend everyone!!!!!

[SilverRex]

Monday.

while there wasnt much movement on friday, at least it was moving to the direction we expected. However its monday a new day so let see if we continue to get our bias correct.

I havent looked at posting much chart on DOW before maybe once or twice. but lets do that this week.

looking at it based on STOCH and MACD, SAR everything is pointing down, yes DOW is very much in a downtrend right now, especially after it broke down below 8600 which was suppose to be a heavy support. Now expect every rally to be met with selling that should eventually put DOW in a healthy retracement back to somewhere in the 7200-7900 range.

near term the 8600 level should provide a very solid resistance if rally sustain further enough to reach, otherwise just keep in mind we are in a corrective retracement. Yes I said it, from the sources I've read and technically how things should play out. I think our rally from march low isnt finished meaning according to some EW chartist, DOW has to at least get to 9000-10000 before it can resume its real down leg that would bring new lows. So we expect the 7000 level DOW to be a great buying opportunity.

http://i278.photobucket.com/albums/kk118/genmaster/dow062909.jpg

Now we know if DOW is going to slowly grind down to find a bottom then oil and gold will follow. starting with oil, while last week I suggested 69.50 and 70.60 to be a good place to short and so far they were holding up well, the weakness in the US dollar is causing much of oil's recent strength and unless US dollar strengthens considerably, we may not get the quick drop and could continue to test our patients. I can only stick to my bias that oil will eventually break down to 67 then 65 then 63 those are near term support. Until then I expect 70.60 to hold as well as last week's top at 71.27 and also keep in mind a special number 71.78 I would suggest placing stop above 71.78 and short any rally around the 70+ level for initial target to 67

http://i278.photobucket.com/albums/kk118/genmaster/oil062909.jpg

and gold, after shooting pass 943, and dropped below it, the 941-943 is providing yet the resistance. STOCH is getting to over bought again I expect this area 941-943 to hold, but if it doesnt it is quite possible for gold to push as high as 951 and 960 before it resumes its down trend. all in all expect gold's upside limited and its only a matter of time when it begins another wave down lower initial target to around 890-900 before the next swing trade opportunity. (yes on the LT I'm quite bullish on gold's long term out look but at the same time I have to consider the other forces that would also drive gold down in the short term. Gold is indeed not that easy to trade because no one really knows where the bottom lies but one thing is certain, technically the chart is say it will eventually break 1000 and make new highs. my own strategy is to call for a solid 3 position split with a LT buying at 900, 800 and 700. You just cannot throw all eggs in one basket because if you wait for 700 and it does not get there, thats a pretty big slap in the face for overly being too patient, but I will not be too greedy by diluting my position even if the bottom is 900 I will not feel as bad as holding the bag with no flexibility and ammo, i am sure most will know what I mean by this.

http://i278.photobucket.com/albums/kk118/genmaster/gold062909.jpg

[SilverRex]

after looking at the NG charts again, the recent low at 3.87 appears to be solid. I would buy anything below 4 dollar NG or near with stops below 3.87 and try to catch a break out towards above 4.57 that would spring it to 5.50

http://i278.photobucket.com/albums/kk118/genmaster/NG062909.jpg

but if your really picky the real up trendline could still be somewhere hitting 3.80-3.90 therefore use 3.87 stop for short trade but if you want to catch a retest of 4.57 or even possibly 5.50 break out target top then you need a stop below 3.75

either way if NG does move, I would initially get out at around 4.50

[Dinan]

anyone buying HOD?

[Dinan]

Originally posted by SilverRex
after looking at the NG charts again, the recent low at 3.87 appears to be solid. I would buy anything below 4 dollar NG or near with stops below 3.87 and try to catch a break out towards above 4.57 that would spring it to 5.50

http://i278.photobucket.com/albums/kk118/genmaster/NG062909.jpg

but if your really picky the real up trendline could still be somewhere hitting 3.80-3.90 therefore use 3.87 stop for short trade but if you want to catch a retest of 4.57 or even possibly 5.50 break out target top then you need a stop below 3.75

either way if NG does move, I would initially get out at around 4.50


:thumbsup:

[Dinan]

picked some HOD at 11.27 .....

[DRKM]

So these attacks in Nigeria are fucking up my trading. What the hell!

Oil above $71 at the moment....

[tylere]

Anyone thinking of picking up some HNU?

[SilverRex]

^

no kidding, technically oil suppose to have dropped to 65 by now. anyways we need the US dollar to gain some strength, the only way to counter oil strength. cant say for certain but I think technically gold is about to break down further (finger crossed) and if euro can follow suit, then this should cap oil

[civic_rida]

hou ftw:thumbsup:

[Dinan]

Originally posted by DRKM
So these attacks in Nigeria are fucking up my trading. What the hell!

Oil above $71 at the moment....


it seems like "someone" doesn't want oil to drop!

[SilverRex]

picked up some HNU below 6 :)

[Dinan]

Originally posted by SilverRex
picked up some HNU below 6 :)


me too:thumbsup:

[Z_Fan]

me 3.

[davidI]

Moi aussi haha. What do you guys have your stop set at?

[Vanish3d]

5.97 HNU

now we wait....

[KRZY403]

omg oil whyyyy!!!??

[Dinan]

wow!!! whats up with oil.... :eek:

[civic_rida]

I guess i sold to early :banghead:
out of hou at 10.10

[max_boost]

In to HNU at $6.00

Lead the way SR. Only 2000 shares though, taking it easy haha

[civic_rida]

In to HNU at $5.98:poosie:

[Dinan]

SR, still holdiing HOD?? it's around the stop 71.78... :dunno:

[SilverRex]

^

yes im surprise how strong oil is, but im just going to stick to my own strategy. oil will turn technically bullish if it crosses 73.20, if that happens I will buy hod as hedge. I know it aint feel good, but let the market prove me wrong haha

[KRZY403]

Originally posted by SilverRex
^

yes im surprise how strong oil is, but im just going to stick to my own strategy. oil will turn technically bullish if it crosses 73.20, if that happens I will buy hod as hedge. I know it aint feel good, but let the market prove me wrong haha


you mean hou as a hedge since you are holding hod right now right?

[Dinan]

what do you guys buy in your tax free savings account?

[SilverRex]

Originally posted by KRZY403



you mean hou as a hedge since you are holding hod right now right?

yup

[Rat Fink]

.

[SilverRex]

http://news.goldseek.com/GoldSeek/1246294800.php

good read about shorting oil and long on NG at the same time :)

[Dinan]

so you buying hou if oil gets over 73.20 ??


Originally posted by SilverRex
^

yes im surprise how strong oil is, but im just going to stick to my own strategy. oil will turn technically bullish if it crosses 73.20, if that happens I will buy hod as hedge. I know it aint feel good, but let the market prove me wrong haha

[997TT]

^ lets not go there. Damn Nigerian attacks ....

[SilverRex]

it would be bearishly fantastic if DOW can close below 8491

edit: dam didnt get my wish

[SilverRex]

I'll be at a track day tomorrow and since wed is a holiday. I may not post for a few days.

I dont think technically anything has changed, I still expect weaker oil prices and 7000s DOW :)

good luck everyone

[Dinan]

Originally posted by SilverRex
I'll be at a track day tomorrow and since wed is a holiday. I may not post for a few days.

I dont think technically anything has changed, I still expect weaker oil prices and 7000s DOW :)

good luck everyone


have fun guy!!!


have you set any sell order's or any buy, just in case?:D



ohhh damn... oil is KILLING us with HOD.... :nut: 72.20:eek:

[DRKM]

Oil hit 73.50 and bounced down... hopefully that is the peak... Holding HOD from last week... 3k shares. Kept buying lower...

[max_boost]

I'm just hoping for a pop in nat. gas and I'm out!

[TomcoPDR]

Originally posted by max_boost
I'm just hoping for a pop in nat. gas and I'm out!

Careful what you wish for

http://www.greatdreams.com/dalla-gas-explosion-0,,5583350,00.jpg

Sticking to topic... planning on stocking up on some GE for the hell of it.

[997TT]

wow oil is taking a nose dive right before open.

Dinan i bought some more yesterday so i feel your pain.
Be glad just to escape with break even at this point.

[Dinan]

ahhh shit,,, NG is down 10 cents too :eek:

[Vanish3d]

Im in NG at 5.97... Need a good bounce soon. No more cash to buy lower

[SilverRex]

quick pop in before leaving for race city this morning.

oil has surprise us many ways I guess worse case scenario is the market has a bit left to go say dOW hitting a bit over 9000 before a real retracement begins. (assuming 8600 holds)

of course we all hope the sprial starts now for the sake of say oil.

oil touched alittle over its previous high 73.39, which does not sit too well but the least it can do is started to come down. Lets hope this is it otherwise it could get a bit messy as it tries to hammer out a top somewhere between 73-81

so far the US dollar index came very close to breaking down but thankfully has since rallied back to 80 and attampting to get back above it. It will solely come down to the strength of the US dollar if oil is to make new monthly lows.

if 73 is the top, the initial target is now raised to 67.

however if 73.39 is taken out then prepare to either cut your loss or hedge with hou as it tries to formulate the real top which imo should be somewhere between 73-81.

NG while 3.87 looked like a good support, but it went thru to 3.83, on the chart the uptrend line could still be drawn to about 3.80 so I would not get too worried unless it started to crash thru 3.70s. But if that level doesnt hold, similar to oil moving pass 73, either hedge it or might have to exit and wait until it plays out.

[Vanish3d]

how much does 3.7 NG translate to in HNU?

[cosmok]

Should have picked up more HOD