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Oil inventory numbers are occupying center stage today

Top Day Recommendations

12.08.07

This light eco news week continues with the release of the oil

inventory numbers occupying center stage. Crude sees a draw

while gas and distillates see builds. Otherwise, the belief and/or

fear that China will raise rates to stem inflationary pressures is

the main feature. Consequently both gold and silver are being

aggressively sold this morning. Stocks are higher in the early

going based on the idea that the continuation of tax cuts will lift

the economy and possibly reduce the need for quantitative

easing. Theyíve since turned lower. Crosscurrents of influence

are more at odds with each other than usual. Apologies for the

delay this morning. Post inner circle Xmass party residual

effects.

This Week's Calendar Week of December 06 - December 10

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Dec 07 15:00 Consumer Credit Oct -$2.0B -$2.3B $2.1B

Dec 08 07:00 MBA Mortgage Applications 12/03 NA NA -16.5%

Dec 08 10:30 Crude Inventories 12/04 NA NA 1.07M

Dec 09 08:30 Initial Claims 12/04 420K 430K 436K

Dec 09 08:30 Continuing Claims 11/27 4250K 4250K 4270K

Dec 09 10:00 Wholesale Inventories Oct 0.5% 0.8% 1.5%

Dec 10 08:30 Trade Balance Oct -$43.0B -$44.4B -$44.0B

Dec 10 08:30 Export Prices ex-ag. Nov NA NA 0.7%

Dec 10 08:30 Import Prices ex-oil Nov NA NA 0.3%

Dec 10 09:55 Mich Sentiment Dec 72.5 72.5 71.6

Dec 10 14:00 Treasury Budget Nov NA -$134.0B -$120.3B

Current views, speculations and suggestions

good till close of business today). These are technical in nature

only, not fundamentally biased. PRD denotes a Potential

Reversal of trend Day

Dec Emini S&P: positive with support at 1216.50

Dec Emini Nasdaq: negative with resistance at 2209

Dec Mini Dow: negative with resistance at 1142

Dec Yen: Positive with support at 118.33

Dec Swiss: PRD

Dec Euro: PRD

Dec Canadian: negative with resistance at 99.71

Dec British Pound: negative with resistance at 158.26

Dec Aussie: PRD

Dec Ten Year: positive with support at 119.31

Dec 30 Year Bonds: negative with resistance at 124.15

Mar Wheat: positive with support at 7.70

Jan Beans: PRD

Mar Corn: negative with resistance at 5.72

Feb Gold: positive with support at 1364

Mar Silver: positive with support at 27.50

Mar Copper:

Jan Crude: PRD

Dec Nat Gas:

**************

N.B.: if you initiate a trade using ANY of these

numbers use a STOP at least equivalent to 2 Ĺ%.

Repeat: use Stops. Donít think about using Stops.

Use Stops. Some find it appropriate to look at the

margin requirement and use that as a Stop or if

itís a steep initial requirement, use half. But

whatever you do, stop thinking about any other

alternative and use Stops.

********************************************

Futures trading entails considerable risk and is not for

everyone. An account can lose more than its initial investment.

Stops are not necessarily filled at the stop level. Past

performance is not a guarantee of future results.

 

Charles Kespert

***********************

HYPOTHETICAL PERFORMANCE RESULTS HAVE

MANY INHERENT LIMITATIONS, SOME OF WHICH

ARE DESCRIBED BELOW. NO REPRESENTATION IS

BEING MADE THAT ANY ACCOUNT WILL OR IS

LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR

TO THOSE SHOWN. IN FACT, THERE ARE

FREQUENTLY SHARP DIFFERENCES BETWEEN

HYPOTHETICAL PERFORMANCE RESULTS AND THE

ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY

ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL

PERFORMANCE RESULTS IS THAT THEY ARE

GENERALLY PREPARED WITH THE BENEFIT OF

HINDSIGHT. IN ADDITION, AL TRADING DOES NOT

INVOLVE FINANCIAL RISK, AND NO

HYPOTHETIOTHETICAL TRADING RECORD CAN

COMPLETELY ACCOUNT FOR THE IMPACT OF

FINANCIAL RISK IN ACTUAL TRADING. FOR

EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR

TO ADHERE TO A PARTICULAR TRADING PROGRAM

IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS

WHICH CAN ALSO ADVERSELY AFFECT ACTUAL

TRADING RESULTS. THERE ARE NUMEROUS OTHER

FACTORS RELATED TO THE MARKETS IN GENERAL

OR TO THE IMPLEMENTATION OF ANY SPECIFIC

TRADING PROGRAM WHICH CANNOT BE FULLY

ACCOUNTED FOR IN THE PREPARATION OF

HYPOTHETICAL PERFORMANCE RESULTS AND ALL

OF WHICH CAN ADVERSELY AFFECT ACTUAL

TRADING RESULTS.

 

 

*The risk of loss exists in futures and commodity investing. Past performance is not indicative of future results or performance. Only risk capital should be used when making investments in the commodity markets.

 

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