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Market Commentary Wednesday 25 March 2009

//03-25-2009
Gold closed lower due to profit taking on Tuesday as it consolidated some of last week's rally but remains above the 20- day moving average crossing. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it renews last week's rally, February's high crossing is the next upside target. Closes below last Wednesday's low crossing would renew the decline off February's high.

China shares fall after week-long rally

//03-25-2009
Chinese shares retreated Wednesday on profit-taking after a weeklong rally, led by declines for financials and nonferrous metal stocks

Market Commentary Tuesday 24 March 2009

//03-24-2009
DJI closed sharply higher on Monday as it extended 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 neutral to bullish signalling that additional gains are possible near-term. SPI closed sharply higher on Monday extending this month's rally.

BULLION

//03-24-2009
Gold closed lower due to profit taking on Monday as it consolidated some of last week's rally but remains above the 20- day moving average crossing. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends last week's rally, February's high crossing is the next upside target. Closes below last Wednesday's low crossing would renew the decline off February's high.

COFFEE

//03-24-2009
Coffee 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 remain bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, the 75% retracement level of this year's decline crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term friendly outlook in the market.

U.S. STOCK MARKET INDICES

//03-23-2009
DJI closed lower due to profit taking on Friday as it consolidated some of this month's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that additional gains are possible near-term. SPI closed lower on Friday due to profit taking as it consolidated some of this month's rally. The low-range close sets the stage for a steady to lower opening on Monday.

BULLION

//03-23-2009
Gold closed lower due to profit taking on Friday as it consolidated some of this week's rally but remains above 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 are bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, February's high crossing is the next upside target. Closes below Wednesday's low crossing would renew the decline off February's high.

ENERGY

//03-23-2009
Crude Oil closed slightly higher on Friday 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 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 20-day moving average crossing would temper the near-term friendly outlook.

U.S. STOCK MARKET INDICES

//03-19-2009
DJI closed higher on Wednesday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain bullish signalling that additional gains are possible near-term. SPI closed higher on Wednesday as it extended this month's rally.

ENERGY

//03-19-2009
Crude Oil posted an inside day with a lower close on Wednesday as it consolidated some of this week's rally. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are becoming overbought but remain bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, the reaction high crossing is the next upside target.

Why City Index?

//03-17-2009
At City Index we are committed to providing a market leading service based on fair and transparent prices, accessible technology, and great customer support. We offer around-the-clock access to equity, index and currency markets all over the world through our innovative trading platform. Whatever and wherever you want to trade, City Index is here to help. You are never more than a click or two away from your next trade, and a team of expert dealers and customer service specialists is constantly available to provide personal support.

U.S. STOCK MARKET INDICES

//03-13-2009
DJI closed higher on Thursday and above 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 are bullish signalling that additional short covering is possible near-term. SPI closed higher on Thursday and above the 20-day moving average crossing.

BULLION

//03-13-2009
Gold closed higher on Thursday due to short covering as it consolidated some of this week's decline. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it renews 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.

Market Commentary

//03-10-2009

ENERGY

//03-10-2009
Crude Oil closed higher on Monday as it extends the rally off February'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. If it extends this month's rally, February's high crossing is the next upside target. Closes below the 20- day moving average crossing would temper the near-term friendly outlook in the market.

BULLION

//03-10-2009
Gold closed sharply lower on Monday signalling an end to a two-day short covering rally off last week's low. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it renews last 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.

Market Commentary Friday 06 March 2009

//03-06-2009
DJI closed sharply lower on Thursday and posted a new low for the year as it extended this year's decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but are neutral signalling that sideways to lower prices are possible near-term. SPI closed lower on Thursday as it extended this week's decline

ENERGY

//03-06-2009
Crude Oil closed lower on Thursday due to profit taking as it consolidated some of Wednesday's rally. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends Wednesday's rally, February's high crossing is the next upside target. Closes below Tuesday's low crossing would temper the near-term friendly outlook in the market.

BULLION

//03-06-2009
Gold closed sharply higher on Thursday as it consolidated some of this week's decline. 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 the 10-day moving average crossing are needed to confirm that a short-term low has been posted

Market Commentary Wednesday 04 March 2009

//03-04-2009
DJI closed lower on Tuesday as it extends this week's decline. 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. SPI closed lower on Tuesday and below psychological support crossing.

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