| //11-20-2009 |
Coffee closed lower on Thursday after rainfall pared output. The low-range close sets the stage for a steady to opening on Friday. Stochastics and the RSI are oversold but remain neutral to bullish hinting that sideways to higher prices are possible near-term. If it extends this week's decline, weekly support crossing is the next downside target.
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| //11-20-2009 |
DJI closed lower on Thursday extended a global drop as concern grew that the rally has outpaced the prospects for economic growth. The mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral hinting that a short- term top might be in or is near. SPI closed lower on Thursday as the dollar strengthened and oil tumbled. 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 additional weakness is possible near-term. NDI closed lower on Thursday as the dollar strengthened and bullion tumbled. 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 additional weakness is possible near-term.
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| //11-20-2009 |
Gold closed lower on Wednesday falling from a record as a rebound by the dollar curbed the precious metal’s appeal as an alternative investment. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, October's high crossing is the next upside target. Closes below today's low crossing are needed to confirm that a short-term top has been posted.
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| //11-20-2009 |
Crude Oil closed lower on Thursday as it fell for the first time in four days as equities dropped, signalling that the U.S. economy and fuel demand will rebound at a slower pace. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain neutral hinting that additional weakness is still possible near-term. If it extends this today's decline, weekly support crossing is the next downside target.
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| //11-19-2009 |
DJI closed higher on Tuesday as stocks gained for a third day. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought and are turning neutral to bullish hinting that a short- term top might be in or is near. SPI closed unchanged on Tuesday as a rebound in metal prices boosted commodity producers. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that additional strength is possible near-term. NDI closed higher on Tuesday as stocks gained for a third day. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought and are turning neutral to bullish hinting that a short- term top might be in or is near.
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| //11-19-2009 |
Coffee closed higher on Tuesday despite the dollar rising, curbing demand for commodities. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but remain neutral hinting that additional weakness is still possible near-term. If it extends this week's decline, weekly support crossing is the next downside target.
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| //11-19-2009 |
Gold closed higher on Tuesday as it extends November's rally, as there is increasing demand for hard assets. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, October's high crossing is the next upside target. Closes below today's low crossing are needed to confirm that a short-term top has been posted.
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| //11-19-2009 |
Crude Oil closed higher on Tuesday on forecasts that a government report will show U.S. fuel inventories declined last week. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but remain neutral hinting that additional weakness is still possible near-term. If it extends this week's decline, weekly support crossing is the next downside target.
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| //11-19-2009 |
EUR/USD posted an inside day and closed lower on Tuesday due to profit-taking. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. Closes below last week's low crossing would temper the near-term friendly outlook in the market. If it renews this month's rally, October's high crossing is the next upside target.
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| //11-16-2009 |
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| //11-16-2009 |
DJI closed higher on Friday as it consolidated some of Thursday's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short- term top might be in or is near. SPI closed higher on Friday as it consolidated some of Thursday's decline. 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 additional strength is possible near-term. NDI closed higher on Friday and above October's high crossing. 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 additional strength is possible near-term.
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| //11-16-2009 |
Coffee closed higher due to short covering on Friday as it consolidated some of this week's decline. The mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain 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. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
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| //11-16-2009 |
Gold closed higher due to short covering on Friday as it extended this month's trading range. 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 this month's rally, October's high crossing is the next upside target. Closes below today's low crossing are needed to confirm that a short-term top has been posted.
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| //11-16-2009 |
Crude Oil closed lower on Friday and tested support marked by the 38% retracement level of the 2008-2009-decline crossing. The low-range close sets the stage for a steady to lower opening on Monday. If it extends this week's decline, the 50% retracement level of this fall's rally crossing is the next downside target. Closes above Tuesday's high crossing would confirm that a short-term low has been posted.
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| //11-15-2009 |
Coffee closed lower on Thursday as it extends this week's decline hitting another fresh five-week low. The low-range close sets the stage for a steady opening on Friday. 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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| //11-15-2009 |
Crude Oil posted a key reversal down closed lower on Thursday as it fell to a four-week low after a government report showed a larger-than-forecast gain in stockpiles. The low-range close sets the stage for a steady opening on Friday. 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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| //11-13-2009 |
DJI closed lower on Thursday due to profit-taking as the dollar mounted a comeback after hitting a 15-month low. The low-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bullish signalling that additional strength is possible near-term. SPI closed lower on Thursday due to profit-taking after buying dries up. The low-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bullish signalling that additional strength is possible near-term. NDI closed lower on Thursday due to a strengthening dollar. The low-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are neutral to bullish signalling that additional strength is possible near-term.
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| //11-13-2009 |
Gold posted an inside day and closed lower on Thursday as the dollar rebounded from a 15-month low, curbing demand for the metal as an alternative asset. 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. If it extends last 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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| //11-13-2009 |
EUR/USD closed lower on Thursday as it extends this week's decline. The mid-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. 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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| //11-09-2009 |
DJI closed lower due to profit taking on Friday as it consolidated some of this week's rally but remained above the 20-day moving average. The mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI have turned bullish signalling that additional strength is possible near-term. SPI closed higher on Friday as it extended this week's rally. Profit taking tempered early session gains and the mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI have turned bullish signalling that additional strength is possible near-term. NDI closed higher on Friday and above the 20-day moving average crossing as it extended this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI have turned bullish signalling that additional strength is possible near-term.
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