| //11-09-2009 |
Coffee closed lower on Friday and below the 10-day moving average crossing confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral to bearish signalling that additional weakness is possible near-term. If it extends this week's decline, the reaction low crossing is the next downside target.
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| //11-09-2009 |
Gold closed higher on Friday as it extends this week's rally into uncharted territory. The mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that additional gains are possible near-term. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.
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| //11-09-2009 |
Crude Oil closed sharply lower on Friday erasing most of this week's gains. The low-range close sets the stage for a steady to lower opening on Monday. Closes below Monday's low crossing are needed to confirm that a short-term top has been posted. If it renews this fall's rally, the 38% retracement level of the 2008-2009-decline crossing is the next upside target.
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| //11-09-2009 |
EUR/USD closed lower on Friday as it consolidated some of the week's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, October's high crossing is the next upside target. Closes below Tuesday's low crossing are needed to confirm that a top has been posted.
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| //11-02-2009 |
DJI closed sharply lower on Friday as it extended last week's decline and closed below the 20-day moving average crossing confirming that a short-term low has been posted. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signalling that additional weakness is possible near-term. SPI closed sharply lower on Friday as it extended last week's decline. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signalling that additional weakness is possible near-term. NDI closed sharply lower on Friday as it extended last week's decline. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signalling that additional weakness is possible near-term.
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| //11-02-2009 |
Coffee closed lower on Friday as it consolidates below the 20-day moving average. The mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bearish signalling that additional weakness is possible near-term. If it extends last week's decline, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing would confirm that a short-term low has been posted.
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| //11-02-2009 |
Gold closed lower due to profit taking on Friday as it consolidates below the 20-day moving average. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought and are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 10-day moving average crossing are needed to confirm that a short-term low has been posted. If it extends last week's decline, broken resistance crossing is the next downside target.
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| //11-02-2009 |
Crude Oil closed sharply lower on Friday as it extended last week's decline. The low-range close sets the stage for a steady to lower opening on Monday. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it renews this month's rally, the 38% retracement level of the 2008-2009-decline crossing is the next upside target.
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| //11-02-2009 |
EUR/USD closed lower on Friday as it consolidates below the 20-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends last week's decline, this month's low crossing is the next downside target. Closes above the 10-day moving average crossing are needed to confirm that a low has been posted.
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| //10-23-2009 |
DJI closed higher on Thursday as it consolidated some of Wednesday's decline. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought and are turning bearish hinting that a short-term top might be in or is near. SPI closed higher due to short covering on Thursday as it consolidated some of Wednesday's decline. The high-range close sets the stage for a steady to higher opening on Friday.
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| //10-23-2009 |
Coffee closed higher on Thursday as it consolidates above August's high crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, June's high crossing is the next upside target. Closes below the 10-day moving average crossing would confirm that a short-term top has been posted
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| //10-23-2009 |
Gold closed slightly higher on Thursday as a rebounding dollar eroded the appeal of the precious metal as an alternative investment. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. Closes below the reaction low crossing are needed to confirm that a short-term top has been posted.
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| //10-23-2009 |
Crude Oil closed higher despite light profit taking on Thursday as it consolidated some of Wednesday's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, the 38% retracement level of the 2008-2009-decline crossing is the next upside target.
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| //10-23-2009 |
EUR/USD closed higher on Thursday despite light profit taking. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, the 87% retracement level of he 2008-2009-decline crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a top has been posted.
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| //10-21-2009 |
DJI closed lower due to profit taking on Tuesday as it consolidates some of this week's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain bullish hinting that a short-term top might be in or is near. SPI closed slightly lower on Tuesday retreating from a one-year high. The mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral hinting that a short-term top might be in or is near. NDI closed lower due to profit taking on Tuesday as it consolidates some of this week's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain bullish hinting that a short-term top might be in or is near.
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| //10-21-2009 |
Coffee posted an inside day and closed lower on Tuesday as it fell the most in more than three weeks. The mid-range close sets the stage for a steady to weaker opening on Wednesday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends today's decline, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing would temper the near-term bearish outlook in the market.
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| //10-21-2009 |
Gold closed lower on Tuesday prices fell, erasing earlier gains, as a rebound in the dollar eroded the appeal of the precious metal as an alternative asset. The mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing would confirm that a short- term top has been posted.
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| //10-21-2009 |
Crude Oil closed lower on Tuesday as it fell from a one-year high as U.S. equities dropped and the dollar rebounded. The mid-range close sets the stage for a steady to lower opening on Wednesday. Despite today's setback, stochastics and the RSI are turning neutral to bullish hinting that sideways to higher prices are possible near-term. If it extends the rally off September's low, August's high crossing is the next upside target.
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| //10-21-2009 |
EUR/USD closed lower on Tuesday as the dollar advanced from a 14-month low. The low-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, the 87% retracement level of he 2008-2009-decline crossing is the next upside target. Closes below the reaction low crossing are needed to confirm that a top has been posted.
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| //10-16-2009 |
DJI closed higher on Thursday as it extends this month's rally after climbing above 10,000 for the first time in a year. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. SPI closed slightly higher on Thursday as crude oil rose amid unexpected decline in U.S. gasoline stockpiles. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. NDI closed slightly lower due to profit taking on Thursday as it consolidates some of this week's rally. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain bullish hinting that a short-term top might be in or is near.
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