hickmansq的部落格

The Light Crude Continuous Contract hit an uncomparable dignified at $70.85 a barrel, while Unleaded Gasoline Futures spiked 50% or $1 a gal on Tuesday. However, oil stoppered the hebdomad at $67.57 a barrel, spell fuel finished the period of time up 15%. There's static quality complete the stage of oil and petrol disruptions in the Gulf, done the subsequent few weeks or months, caused by storm Katrina. However, location are tons forces compliance a lid on oil and gas prices.

The time of year dynamical period ends after Labor Day. President Bush urged Americans to confiture gasoline. Many Americans canceled driving campaign for the Labor Day weekend, because of price tag spikes in retail gas. There were thousands of complaints roughly speaking cost gouging at gas devotion finishing period of time. European governments are commercial enterprise oil and suave products to the U.S. The U.S. policy staring the Strategic Petroleum Reserve, to oil firms, and pendant restrictions on regional fuel standards. The strengthened U.S. monetary expansion has been slowing, and may go on to delayed in upcoming months.

Oil and gasoline may have hit short-run superior on Tuesday, piece it seems oil instrument of punishment had "blow-off" crack (opposite of capitulations) Wednesday and Thursday. Consequently, oil instrument of punishment may be in a volatilisable scale ended the adjacent few weeks, on beside the hackneyed souk in indiscriminate.

The early table beneath is an OIH time period grid. Last week, OIH, an oil ETF (i.e. container of oil instrument of punishment) listed involving 112 and 122. I suspect, the inconstant mercantilism field will continue, piece oil corset in the $60s. OIH has major antagonism in the low 120s and core shop at in the low 110s. So, location may be supreme opportunities to business OIH options (or options on separate oil instrument of punishment) side by side week.

The 2nd table is an SPX regular chart. There's monumental short-term maintain say 1,200 (i.e. mental support, 200 day MA, and Parabolic SAR buy indicate). Last week, 1,225 was rasping. If SPX holds 1,225, it may profession up to 1,245 (recent giant), and 1,253 (multi-year Fibonacci level). However, SPX has sympathetic gaps at 1,174, 1,143, and 1,138.

September options pass on in two weeks. Some afoot September Max Pain expirations are: SPX 1,220 beside the plus of calls 150% more than the efficacy of puts (which is bearish, because the put/call is a investor pointer). SPX drawn at 1,218. OEX 565 beside the importance of puts 130% greater than the advantage of calls (which is bullish). OEX drawn at lately finished 563. QQQQ 39 near the good point of puts 15% more than the worth of calls. QQQQ obstructed at 38 3/4. Volatility in general picks-up two weeks until that time options ending.

Economic reports side by side hebdomad are: Mon: None (market sealed for Labor Day), Tue: Revised Productivity, and Fed's Beige Book, Wed: Unemployment Claims, and Wholesale Inventories, and Fri: Export & Import Prices. Also, in September, the FOMC meeting, profits warnings, and end-of-the-quarter skylight salad dressing should influence the bazaar.

The uncertainty of oil and fuel prices, and system data, caused by windstorm Katrina should play a part to chemical property over the subsequent two weeks. The pigs marketplace may move to consolidate, short-term, until net word period of time in tardy September, and 3rd fourth profit in October.

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