| //07-27-2009 |
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| //07-27-2009 |
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| //07-24-2009 |
Crude Oil closed higher on Thursday and the high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold but remain neutral to bullish signalling that sideways to higher prices are possible near-term. Closes below the 10-day moving average crossing would confirm that a short-term top has been posted.
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| //07-24-2009 |
Gold closed slightly higher on Thursday and the high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain 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 10-day moving average crossing would temper the near-term friendly outlook in the market.
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| //07-24-2009 |
Coffee closed higher on Thursday and the high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold but remain neutral to bullish signalling that sideways to higher prices are possible near-term. Closes below the 10-day moving average crossing would confirm that a short-term top has been posted.
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| //07-22-2009 |
DJI closed higher on Monday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Monday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. NDI closed higher on Monday and above the 50% retracement level of last summer's decline crossing as it extends this month's rally. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term.
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| //07-22-2009 |
Crude Oil closed higher on Monday and above the 20-day moving average crossing confirming that a short- term low has been posted. 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. Closes below the 10-day moving average crossing would temper the near-term friendly outlook in the market.
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| //07-22-2009 |
Gold closed higher on Monday as it extends last week's rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain 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 10-day moving average crossing would temper the near-term friendly outlook in the market.
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| //07-22-2009 |
Coffee closed sharply higher on Monday as it extends last week's rally above the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends today's rally, the 38% retracement level of the June-July decline crossing is the next upside target.
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| //07-20-2009 |
DJI closed higher on Friday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. SPI closed unchanged on Friday as it consolidated some of this week's rally. The mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. NDI closed higher on Friday and tested the 50% retracement level of last summer's decline crossing as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term.
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| //07-20-2009 |
Gold closed higher on Friday as it consolidates above the 20-day moving average crossing. The high-range close sets the stage for a steady to higher 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, the reaction high crossing is the next upside target. Closes below the 10-day moving average crossing at would temper the near-term friendly outlook in the market.
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| //07-20-2009 |
Crude Oil closed higher on Friday and above the 10-day moving average crossing signalling that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bullish hinting that a short-term low might be in or is near. If it extends this week's rally, the 20-day moving average crossing is the next upside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
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| //07-17-2009 |
EUR/USD closed sharply higher due to short covering on Thursday as it consolidates some of this week's decline. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI have turned bearish hinting 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. If it renews last week's rally, the 75% retracement level of the December-April decline crossing is the next upside target.
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| //07-17-2009 |
DJI closed sharply higher on Thursday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Thursday as it extended this week's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. NDI closed higher on Thursday and spiked above June's high crossing as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term.
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| //07-17-2009 |
Crude Oil closed higher due to short covering on Thursday as it consolidates some of this month's decline. The high- range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold and are turning bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
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| //07-17-2009 |
Gold posted an inside day with a lower close on Thursday as it consolidated some of Wednesday's rally but remains above the 20-day moving average crossing. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, the reaction high crossing is the next upside target. Closes below the 10-day moving average crossing would temper the near-term friendly outlook in the market.
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| //07-17-2009 |
Coffee closed lower on Thursday and below the 10-day moving average crossing as it consolidating some of this week's rally. The low-range close sets the stage for a steady to lower opening on Friday. Despite today's setback stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, the reaction high crossing is the next upside target. If it renews this summer's decline, March's low crossing is the next downside target.
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| //07-03-2009 |
DJI closed lower due to pre-holiday profit taking on Thursday as it consolidates some of the rally off June's low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible near-term. SPI closed sharply lower on Thursday and 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 turning neutral signalling that sideways to lower prices are possible near-term.
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| //07-03-2009 |
Crude Oil closed sharply lower on Thursday as it extended this week's decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. If it renews the decline off June's high, the 38% retracement level of this spring's rally crossing is the next downside target. Closes above June's high crossing are needed to renew this spring's rally.
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| //07-03-2009 |
Gold posted an inside day with a lower close 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 remain neutral to 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. If it renews the decline off June's high, the reaction low crossing is the next downside target.
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