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Monday Morning Briefing

Monday Morning Briefing

by The MoleDecember 3, 2012

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

Gold is heading into hourly resistance right now – we have a brand new NLBL and the 25-hour SMA. As it’s looking lackluster I am short with a stop above both.

AUD/JPY tickling two engangld short term SMAs – a breach here would invariably pump us much higher, look out for that. A short position is justified if a breach isn’t accomplished in the next hour or so. I’m more excited about a long setup here as the NLBL below may act as support.
[amprotect=nonmember] More charts and non-biased commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect] [amprotect=1,13,9,12,5]

Silver is looking quite a bit more bullish than gold right now – but also more volatile. The 25-hour is being retested and I am also short here with a stop above. This trade should resolve itself quickly as the SMA is falling fast. No compunction about fliping it but I would be out at the 100-hour.

Natgas is up against the 25-hour as well plus there is a NLBL that’s blocking the way. Great short there with a stop above the NLBL. Again, don’t get too exposed with NG – it’s a cruel mistress.

Copper is climbing its own 25-hour and just busted a NLBL. Long here with a stop below the SMA. Simple trade as the SMA is rising fast.

Another FX setup – NZD/USD on the ST Maginot Line – I’m thinking long here if she pops above the mark as it’s looking bullish. Less interested in a short trade but don’t let me keep you if you’re happy with 15 pips or so.



About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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