Zone-Trader
10-27-12
ESZ12
GCZ12
HOF13
Hold all 3 long positions from prior days recommendations.
1. Long January Heating Oil positive and holding
2. Long December Gold positive and holding
3. Long December Emini SP
The ESZ12 is setting up for a possible failed bearish breakout on the Quarterly Profile which will cause an increase in prices back to the Zone-Trader Pivot on the Quarterly Profile at 1441 price area.
This market continues to bounce around inside the Quarterly Persistence Zone, bulls and bears still fighting for control of the ESZ12 on the Quarter.
Again Yearly Profile bulls are in control on the year and they have already established a bullish breakout. This market will take one more leg to the upside at least.
January Heating Oil has failed to make a bearish breakout on the Quarterly Profile and is now reversing back to the Zone-Trader Pivot at the 3.10 price area. That move will provide bulls with a nice chunk of change and the ability to reduce risk, and lock in profit while still holding the long for potential cold weather building up in the Northeast.
December Gold the bulls are in control of the market on the yearly Zone-Trader Profile and it is currently just slightly above the Zone-Trader Pivot and attempting to make a bullish breakout. December Gold failed to make a bearish breakout a few months ago and the bulls maintained control of the this market. If December Gold can make a bullish breakout on the yearly Zone-Trader profile it should continue higher towards 1900.
10-27-12
ESZ12
GCZ12
HOF13
Hold all 3 long positions from prior days recommendations.
1. Long January Heating Oil positive and holding
2. Long December Gold positive and holding
3. Long December Emini SP
The ESZ12 is setting up for a possible failed bearish breakout on the Quarterly Profile which will cause an increase in prices back to the Zone-Trader Pivot on the Quarterly Profile at 1441 price area.
This market continues to bounce around inside the Quarterly Persistence Zone, bulls and bears still fighting for control of the ESZ12 on the Quarter.
Again Yearly Profile bulls are in control on the year and they have already established a bullish breakout. This market will take one more leg to the upside at least.
January Heating Oil has failed to make a bearish breakout on the Quarterly Profile and is now reversing back to the Zone-Trader Pivot at the 3.10 price area. That move will provide bulls with a nice chunk of change and the ability to reduce risk, and lock in profit while still holding the long for potential cold weather building up in the Northeast.
December Gold the bulls are in control of the market on the yearly Zone-Trader Profile and it is currently just slightly above the Zone-Trader Pivot and attempting to make a bullish breakout. December Gold failed to make a bearish breakout a few months ago and the bulls maintained control of the this market. If December Gold can make a bullish breakout on the yearly Zone-Trader profile it should continue higher towards 1900.
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