FYI | Apr 24 2012
FNArena has added another video to its Investors Education section on the website. The latest video explains why EUR/USD continues to have Jerry Simmons' full attention as the cross is facing key weekly resistance at 1.3250. Hence, explains Simmons, a break-out above this level would instantly become a key event. Last week generated an inside week so the question remains open as to whether this resistance can be overcome. Under a positive scenario, Simmons predicts the cross will revisit 1.38-1.3850.
In addition, Simmons observes the CRB Index apears to have carved out a Triple Bottom which is a bullish signal while gold's reverse head-and-shoulders has now transformed into another H-and-S formation. Crude oil (WTI) appears set up for a big break-out, observes Simmons, with 105 the key price level. No life as yet for natural gas but one day, predicts Simmons, natgas will experience a roaring bull market. Copper is seen testing key support.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: https://www.fnarena.com/index2.cfm?type=dsp_front_videos&vid=79
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW). FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at https://www.fnarena.com/index4.cfm?type=dsp_front_videos)