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Showing posts from October 8, 2018

Week of 10-8-18

10/09/18 6:00 AM NFIB Small Business Optimism Index Sep NA NA 108.8 10/10/18 7:00 AM MBA Mortgage Applications Index 10/06 NA NA 0.0% 10/10/18 8:30 AM PPI Sep 0.2% 0.2% -0.1% 10/10/18 8:30 AM Core PPI Sep 0.2% 0.2% -0.1% 10/10/18 10:00 AM Wholesale Inventories Aug 0.7% 0.8% 0.6% 10/11/18 2:00 PM Treasury Budget Sep NA NA $7.9B 10/11/18 8:30 AM CPI Sep 0.2% 0.2% 0.2% 10/11/18 8:30 AM Core CPI Sep 0.2% 0.2% 0.1% 10/11/18 8:30 AM Initial Claims 10/06 208K 205K 207K 10/11/18 8:30 AM Continuing Claims 9/29 NA NA 1650K 10/11/18 10:30 AM EIA Natural Gas Inventories 10/06 NA NA +98 bcf 10/11/18 11:00 AM EIA Crude Inventories 10/06 NA NA +8.0M 10/12/18 8:30 AM Export Prices Sep NA NA -0.1% 10/12/18 8:30 AM Export Prices ex-ag. Sep NA NA -0.2% 10/12/18 8:30 AM Import Prices Sep NA NA -0.6% 10/12/18 8:30 AM Import Prices ex-oil Sep NA NA -0.1% 10/12/18 10:00 AM Univ. of Michigan Consum...

Crude Oil (NYMEX) clx18

Pivot: 74.30 Our preference: short positions below 74.30 with targets at 73.50 & 72.95 in extension. Alternative scenario: above 74.30 look for further upside with 74.80 & 75.20 as targets. Comment: the RSI calls for a drop.