Heating Oil is One to Watch
The Heating Oil futures contract has traded within a well-defined trading range over the last year of trading, which leads to an interesting dilemma now that it has reached major resistance.
Decision Point for the TF
The E-Mini Russell 2000 futures contract (TFZ0) has been trading range bound for five months and has developed extraordinary support and resistance levels along the way. The contract is now sitting beneath a major area of resistance that could influence price in a major way..
Major Support in the $RUT
The Russell 2000 Index ($RUT) has found buyers every time price has ventured into the 600-zone over the last three months. With price also testing a major area of pivot-based support, the $RUT could be on the verge of a swift advance soon.
Buy $TPX and Sleep Tight
Tempur-Pedic ($TPX) looks like a buy – both as a stock and as a mattress. $TPX has traded in a highly predictable manner within a clearly established range since March…and looks poised for another bounce!