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8/8/2019 Crude Oil tests my Annual Pivot at $77.05 yet again
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Richard Suttmeier is the Chief Market Strategist at
www.ValuEngine.com.ValuEngine is a fundamentally-based quant
research firm in Newtown, PA. ValuEnginecovers over 7,000 stocks
every day.
A variety of newsletters and portfolios containing Suttmeier's
detailed research, stock
picks, and commentary can be found HERE.
September 28, 2010 Crude Oi l test s m y Annual P ivot a t
$77.05 yet again
The 10-Year US Treasury yield is amongst monthly, quarterly and
weekly pivots at 2.562, 2.495
and 2.477. Gold appears ripe for profit-taking above $1300.0 the
Troy ounce as my semiannualvalue level lags at $1260.8. Crude oil
tested my annual pivot at $77.05 yet again on Monday. Theeuro is
extremely overbought with todays risky level at 1.3558. The Dow
remains overboughton its daily chart with a risky level at 10,895
versus the high for the move set Monday at 10,87310-Year Note
(2.612) Annual and annual value levels are 2.813 and 2.999 with
daily and monthlypivots at 2.523 and 2.563, and quarterly, weekly
and semiannual risky levels at 2.495, 2.477 and2.249.
Courtesy of Thomson / Reuters
Comex Gold ($1297.6) Monthly, semiannual, quarterly and annual
value levels are $1263.8, 1260.8$1218.7, $1140.9 and $1115.2 with
daily and weekly risky levels at $1308.3 and $1320.4.
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8/8/2019 Crude Oil tests my Annual Pivot at $77.05 yet again
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Courtesy of Thomson / Reuters
Nymex Crude Oil ($76.26) Weekly and quarterly value levels are
$72.93 and $56.63 with monthlyand daily pivots at $74.45 and
$74.53, my annual pivot at $77.05, and semiannual risky level
at$83.94.
Courtesy of Thomson / Reuters
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8/8/2019 Crude Oil tests my Annual Pivot at $77.05 yet again
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The Euro (1.3461) My weekly value level is 1.2986 with a daily
risky level at 1.3558. Quarterly andmonthly value levels are
1.2167, 1.1721 and 1.1424 with semiannual risky level at
1.4733.
Courtesy of Thomson / Reuters
Daily Dow: (10,812) Semiannual, weekly, annual, monthly and
quarterly value levels are 10,558,10,547, 10,379, 10,164 and 7,812
with daily and annual risky levels at 10,895 and 11,235. My
annualrisky level at 11,235 was tested at the April 26thhigh of
11,258.01. The Dow remains overbough
with a negative divergence.
Courtesy of Thomson / Reuters
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8/8/2019 Crude Oil tests my Annual Pivot at $77.05 yet again
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Thats todays Four in Four. Have a great day.
Richard Suttmeier
Chief Market StrategistValuEngine.com(800) 381-5576
Send your comments and questions to [email protected]. For
more information on our productsand services visit
www.ValuEngine.com
As Chief Market Strategist at ValuEngine Inc, my research is
published regularly on the website www.ValuEngine.comI have daily,
weekly, monthly, and quarterly newsletters available that track a
variety of equity and other data parameters awell as my most
up-to-date analysis of world markets. My newest products include a
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ValuTrader Model Portfolio newsletter. You can go HERE to review
sample issues and find out more about my research.
I Hold No Positions in the Stocks I Cover.
