Jeff Friedman, senior market strategist at Lind-Waldock reveals why he thinks gold prices will reach for $1,380 an ounce.
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Showing posts with label Lind-Waldock. Show all posts
Showing posts with label Lind-Waldock. Show all posts
Monday, November 29, 2010
Gold's Trading Range
Labels:
gold,
Lind-Waldock,
The Street
Monday, November 22, 2010
Phil Streible: Gold Prices Trade Sideways
Phil Streible, senior market strategist at Lind-Waldock, is expecting flat gold prices for the short holiday trading week.
Gold, Oil & Index ETF Trading Analysis
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Gold, Oil & Index ETF Trading Analysis
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Labels:
gold,
Lind-Waldock,
Phil Streible,
The Street
Friday, October 22, 2010
Lind-Waldock: Crude Oil Poised to Reach $90 a Barrel
Crude oil is poised to reach $90 a barrel by the middle of December, according to technical analysis by Lind-Waldock in Chicago. The December contract, which became the front month contract yesterday, has been trading in an uptrend, a pattern of higher peaks and higher valleys, since touching a low of $75.10 on Sept. 23, Blake Robben, a strategist at Lind-Waldock, a division of MF Global Ltd., said in an interview.
“Since then, the market has made higher highs and higher lows,” Robben said. A line drawn from the Sept. 23 low to the Oct. 20 low of $79.90 projects to $90 by the middle of December, he said. The initial target for the rising price is $86.52, the high on May 13, which may be reached by the middle of November, Robben said.
“If we close below $79.90, the uptrend is over and we’re back in a trading range of $75 to $85,” he said. Crude oil for December delivery settled at $80.56 a barrel yesterday on the New York Mercantile Exchange.
Bloomberg reporter Barbara Powell can be reached at Bpowell4@bloomberg.net.
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“Since then, the market has made higher highs and higher lows,” Robben said. A line drawn from the Sept. 23 low to the Oct. 20 low of $79.90 projects to $90 by the middle of December, he said. The initial target for the rising price is $86.52, the high on May 13, which may be reached by the middle of November, Robben said.
“If we close below $79.90, the uptrend is over and we’re back in a trading range of $75 to $85,” he said. Crude oil for December delivery settled at $80.56 a barrel yesterday on the New York Mercantile Exchange.
Bloomberg reporter Barbara Powell can be reached at Bpowell4@bloomberg.net.
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Bloomberg,
contract,
Crude Oil,
Lind-Waldock
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