| //05-07-2010 |
DJI closed lower due to profit taking on Thursday but remains above the 10-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Friday. If the Dow renews this year's rally, closes below the reaction low crossing would confirm that a short-term top has been posted. SPI closed lower on Thursday as it consolidates above the 20-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Friday. NDI closed lower on Thursday as it consolidates above the 20-day moving average. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term.
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| //05-07-2010 |
Coffee closed sharply lower on Thursday and spiked below resistance marked by last month's low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near-term. If its extends this week's rally, the 50% retracement level of the 2008-2009-decline crossing is the next upside target.
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| //05-07-2010 |
Gold closed sharply higher on Thursday. The high-range close sets the stage for a steady to higher opening on Fridayy. Prices closed nearer the session high today as traders stepped in to "buy the dip" and do some bargain hunting at lower price levels. A stronger U.S. dollar and lower crude oil prices did limit the upside in gold today.
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| //05-07-2010 |
Crude Oil closed lower due to short covering on Thursday and above the 10-day moving average crossing thereby signalling that a short-term low has likely been posted. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are oversold and are turning bullish with this week's rally signalling that sideways to higher prices are possible near-term.
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| //05-07-2010 |
EUR/USD closed shaply lower on Thursday as it extends this month's decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If its extends this month's decline, October's low crossing is the next downside 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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| //04-30-2010 |
DJI closed higher on Thursday and the high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Thursday as it extended some of the rally off February's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. NDI closed slightly higher on Thursday as it extended some of the rally off February's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that additional gains are possible near-term.
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| //04-30-2010 |
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 remain bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing would temper the bearish outlook. If it extends this month's decline, the reaction low crossing is the next downside target.
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| //04-30-2010 |
Gold closed lower on Thursday and the high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it renews this year's rally, the 75% retracement level of the December-February decline crossing is the next upside target. Closes below last Monday's low crossing would confirm that a short-term top has been posted.
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| //04-30-2010 |
Crude Oil closed higher on Thursday but remains below the 20-day moving average crossing. The high-range close sets the stage for a steady higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends last Friday's rally, the reaction high crossing is the next upside target. Closes below last Thursday's high crossing would open the door for a larger-degree decline into early-May.
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| //04-30-2010 |
EUR/USD closed higher on Thursday and the mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends last week's decline, the 87% retracement level of 2009's rally crossing is the next downside target. Closes above the 10-day moving average crossing are needed to confirm that a short-term low has been posted.
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| //03-19-2010 |
DJI closed higher on Thursday as it extends this week's breakout above January's high crossing. The Bureau of Labor Statistics reported this morning that the consumer price index remained relatively flat in February, after increasing 0.2% in January. The core index that excludes food and energy rose 0.1% after falling 0.1% in January. SPI closed higher on Thursday as it extends the rally off February's low. The mid-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. NDI closed higher on Thursday as it extends the rally off February low. 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.
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| //03-19-2010 |
Coffee closed higher on Thursday as it extends the late-winter trading range. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above 13.79 or below 12.83 are needed to confirm a breakout of the aforementioned trading range and point the direction of the next trending move.
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| //03-19-2010 |
Gold closed higher on Thursday as it extends this week's rally above the 10-day moving average. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, this month's high crossing is the next upside target. Closes below last Friday's low crossing would temper the near-term bullish outlook in the market.
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| //03-19-2010 |
Crude Oil closed lower due to profit taking on Thursday as it consolidates some of Wednesday's rally. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If it renews the rally off February's low, January's high crossing is the next upside target. Closes below Monday's low crossing would confirm that a short-term top has been posted.
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| //03-19-2010 |
EUR/USD closed lower on Thursday as it extends the trading range of the past six weeks. 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 reaction high crossing are needed to confirm that a short-term low has been posted. If it resumes this winter's decline, the 75% retracement level of the 2008-2009-rally crossing is the next downside target.
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| //03-12-2010 |
EUR/USD closed higher on Thursday while extending the trading range of the past five weeks. 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. Closes above the reaction high crossing at 138.340 are needed to confirm that a short-term low has been posted. If it resumes this winter's decline, the 75% retracement level of the 2008-2009-rally crossing is the next downside target.
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| //03-12-2010 |
Crude Oil closed higher on Thursday as it consolidates above the 75% retracement level of the January-February decline crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off February's low, the 87% retracement level of the January-February decline crossing is the next upside target.
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| //03-12-2010 |
Gold closed higher due to short covering on Thursday but remains below the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, the reaction low crossing is the next downside target. Closes above Wednesday's high crossing would temper the near-term bearish outlook in the market.
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| //03-12-2010 |
Coffee closed higher on Thursday 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 Friday. Stochastics and the RSI are 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.
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| //03-12-2010 |
DJI closed higher on Thursday as it extends the rally off February's low. 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 additional gains are still possible. SPI closed higher on Thursday as it extended the rally off February's low. 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. NDI closed higher on Thursday as it extended the rally off February low. 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.
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