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Fibonacci brings itself to the forefront again as a slew of listeners sent in questions over night regarding its usage. Merlin looks at a listeners question on how to use Fibonacci extensions to help give price targets in situations where price has never been at those levels. Dan Sugar joins the program to give us some insight into the current status of the Futures market. Merlin and Dan discuss how Japan is impacting the futures markets, from Indexes, currencies, and commodities. Later they look at how the rising oil costs may impact the markets, and how we can capitalize on their movements. PowerPick: CNH
By Online Trading AcademyFibonacci brings itself to the forefront again as a slew of listeners sent in questions over night regarding its usage. Merlin looks at a listeners question on how to use Fibonacci extensions to help give price targets in situations where price has never been at those levels. Dan Sugar joins the program to give us some insight into the current status of the Futures market. Merlin and Dan discuss how Japan is impacting the futures markets, from Indexes, currencies, and commodities. Later they look at how the rising oil costs may impact the markets, and how we can capitalize on their movements. PowerPick: CNH