Market Analysis for Apr 7th, 2005

Oil prices have broken key support, and have plunged to $54.00- on the way to my next target of $53-$52/bbl... as the E-mini June S&P has popped above key resistance at 1193-1193.50 on the way to 1196-1197 next target zone. MJP 4/07/05 1 PM ET 1194.00

For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary. Or try his QQQ Trading Diary.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!