chart courtesy of Lind Waldock
Rationale: Upon breaking the 172 level, look for an initial target of 200, then potential to hit 270 in due course igniting a bullish scenario.
Target: 1st : 172, 2nd: 260-270 area
Stop: 137
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About Pilobolus Research
Seth F. Wolff
A ten year institutional market strategist formerly with IdeaGlobal & Charles Schwab (Cybertrader Corp) advising institutional clients in the equity,commodity and fixed income area, with prior roles in institutional research sales in North America. Seth has also appeared in media coverage including Dow Jones and Bloomberg. A graduate of the University of Arizona with a B.S. in Finance and continuing studies at NYU Graduate Business School, Seth has also been a member of the Market Technicians Association (MTA) since 1990.
A ten year institutional market strategist formerly with IdeaGlobal & Charles Schwab (Cybertrader Corp) advising institutional clients in the equity,commodity and fixed income area, with prior roles in institutional research sales in North America. Seth has also appeared in media coverage including Dow Jones and Bloomberg. A graduate of the University of Arizona with a B.S. in Finance and continuing studies at NYU Graduate Business School, Seth has also been a member of the Market Technicians Association (MTA) since 1990.
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In no event shall Pilobolus Commodities be liable for direct, indirect, or incidental damages resulting from the use of the information. Pilobolus Commodities shall be indemnified and held harmless from any actions, claims, proceedings, or liabilities with respect to the information and its use.
Pilobolus Commodities obtains information from sources deemed to be reliable; however, Pilobolus Commodities does not guarantee the accuracy of any of the information or commentary provided. Pilobolus Commodities makes no warranties, expressed or implied, as to the fitness of the information for any purpose, or to results obtained by individuals using the information.
In no event shall Pilobolus Commodities be liable for direct, indirect, or incidental damages resulting from the use of the information. Pilobolus Commodities shall be indemnified and held harmless from any actions, claims, proceedings, or liabilities with respect to the information and its use.