| //05-15-2009 |
Crude Oil closed lower due to profit taking on Wednesday as it consolidated some of the rally off April's low. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.
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| //05-14-2009 |
DJI closed higher on Tuesday dispite a midday loss. The mid-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought but are neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed lower on Tuesday as U.S. stocks continued to slip, lead by bank stocks and General Motors. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but are neutral to bearish signalling that sideways to lower prices are possible near-term. NDI closed lower on Tuesday as U.S. stocks continued to slip. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but are neutral to bearish signalling that sideways to lower prices are possible near-term.
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| //05-14-2009 |
Crude Oil closed higher on Tuesday as prices surged to a 6-month high as Chinese imports increased. The mid-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging but remain neutral to bullish signalling that sideways to higher prices 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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| //05-14-2009 |
Coffee closed lower on Tuesday depite gaining during early trading. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends the decline, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing would confirm that a short-term bottom has been posted.
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| //05-12-2009 |
DJI closed lower on Monday due retreating from a four-month high. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but are neutral to bearish signalling that sideways to lower prices are possible near-term. SPI closed lower on Monday due retreating from a four-month high. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but are neutral to bearish signalling that sideways to lower prices are possible near-term. NDI closed slightly higher on Monday and above the weekly downtrend line crossing. The mid-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but are neutral signalling that sideways to higher prices are possible near-term.
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| //05-12-2009 |
Crude Oil posted a key reversal down and closed lower on Monday as last week’s 10 percent advance will be undone as U.S. inventories climb and fuel consumption declines. The mid-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bullish signalling that sideways to higher prices 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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| //05-11-2009 |
Coffee closed sharply higher on Friday and above January's high crossing. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
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| //05-11-2009 |
Crude Oil closed higher on Friday as it extends the rally off April's low. The high-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 sideways to higher prices are possible near-term. If it extends the rally, January's high crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.
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| //05-11-2009 |
DJI closed higher on Friday due to short covering. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but are neutral signalling that sideways to higher prices are possible near-term. SPI closed higher on Friday reversing recent losses. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but are neutral signalling that sideways to higher prices are possible near-term. NDI closed slightly higher on Friday and above the weekly downtrend line crossing. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but are neutral signalling that sideways to higher prices are possible near-term
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| //05-08-2009 |
Crude Oil closed higher on Thursday but well off session highs due to some profit taking. The low-range close sets the stage for a steady to lower 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 the rally, January's high crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.
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| //05-08-2009 |
DJI posted a key reversal down on Thursday, testing the weekly downtrend line crossing. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a pause from today's high. SPI posted a downside reversal on Thursday due to profit taking as it consolidated some of this spring's rally. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. NDI posted a key reversal down on Thursday and closed below the 10-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral signalling that a short-term top might be in or is near.
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| //05-08-2009 |
Gold closed higher on Thursday as it extends this week's rally above the 10-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it renews April's rally, the reaction high crossing is the next upside target. Closes below the reaction low crossing would temper the near-term bullish outlook.
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| //05-08-2009 |
Coffee closed lower due to profit taking on Thursday as it consolidated some of this week's rally but remains above the previous reaction high crossing. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally, January's high crossing is the next upside target.
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| //05-08-2009 |
DJI posted a key reversal down on Thursday, testing the weekly downtrend line crossing. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a pause from today's high. SPI posted a downside reversal on Thursday due to profit taking as it consolidated some of this spring's rally. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. NDI posted a key reversal down on Thursday and closed below the 10-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral signalling that a short-term top might be in or is near.
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| //04-29-2009 |
Crude Oil closed lower on Tuesday as it consolidated some of last weeks short covering rally. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
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| //04-29-2009 |
DJI closed slightly lower on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. SPI closed lower on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. NDI closed lower on Tuesday as it consolidated some of last Friday's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term
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| //04-29-2009 |
Gold closed lower on Tuesday due to profit taking as it consolidated some of last week's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning neutral hinting that a short-term top might be near. Closes below today's low crossing would temper the near-term bullish outlook. If it renews last week's rally, the reaction high crossing is the next upside target.
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| //04-28-2009 |
DJI closed higher on Monday as it extends the rally off March's low. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. SPI closed lower on Monday due to profit taking as it consolidated some of last Friday's rally. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term.
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| //04-27-2009 |
DJI closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but are neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher overnight due to short covering as it consolidates above the 20-day moving average crossing. Stochastics and the RSI remain bearish signalling that a short-term top appears to have been posted. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. NDI closed higher overnight as it extends last week's rally and is trading above the 10-day moving average crossing. However, stochastics and the RSI remain neutral to bearish signalling that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.
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| //04-27-2009 |
Coffee closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted.
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