| //09-18-2009 |
Coffee closed higher on Thursday as it extends this month'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. If it extends this month's rally, the 38% retracement level of this year's decline crossing is the next upside target.
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| //09-18-2009 |
Crude Oil closed higher on Thursday and above the 10-day moving average thereby renewing this month's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI neutral to 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.
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| //09-18-2009 |
Gold closed lower due to profit taking on Thursday as it consolidates some of this month's rally. The mid-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 this week's rally, the 87% retracement level of the August-September decline crossing is the next upside target.
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| //09-16-2009 |
DJI closed higher on Tuesday and above the previous reaction high crossing thereby renewing this year's rally. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Tuesday as it extends last week's rally above August's high. The mid-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. NDI closed higher on Tuesday as it extends this month's rally. 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 sideways to higher prices are possible near-term.
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| //09-16-2009 |
Coffee closed higher on Tuesday as it extends this month's 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. If it extends this week's rally, the 75% retracement level of the August-September decline crossing is the next upside target. Closes below the 20-day moving average crossing would temper the friendly outlook in the market.
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| //09-16-2009 |
Gold closed higher on Tuesday as it extends this month's rally and closed at last February's high crossing. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought, diverging but are neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above February's high crossing would open the door into uncharted territory and the possibility of significantly higher prices later this fall. Closes below the 20-day moving average crossing would confirm that a double top with February's high has been posted.
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| //09-16-2009 |
Crude Oil closed higher on Tuesday as it consolidated some of last week's decline but remains below the 20-day moving average crossing. Despite today's rebound, stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible near-term. The high-range close sets the stage for a steady to higher opening on Wednesday. If it renews the rally off last week's low, the reaction high crossing is the next upside target.
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| //09-14-2009 |
Crude Oil closed lower due to profit taking on Friday and below the 10-day moving average crossing thereby tempering much of this week's gains. Despite today's setback, stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. However, the low-range close sets the stage for a steady to lower opening on Monday. If it extends the rally off last week's low, the reaction high crossing is the next upside target.
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| //09-12-2009 |
Coffee closed lower on Thursday as it consolidates some of the rebound off last week's low. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are 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. If it renews the decline off August's high, July's low crossing is the next downside target.
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| //09-12-2009 |
Gold closed higher on Thursday as it extended some of the rally off August's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought and are turning bearish hinting that a double top with last February's high might be forming. Closes below the 20-day moving average crossing would confirm that a double top with February's high has been posted. If it extends the rally off August's low, February's high crossing is the next upside target.
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| //09-12-2009 |
Crude Oil closed higher on Thursday as it extended yesterday's breakout above the 20-day moving average crossing. Today's energy report showed that U.S. crude oil refinery inputs averaged 15.1 million barrels per day during the week ending September 4, 154 thousand barrels per day above the previous week's average. Refineries operated at 87.2 percent of their operable capacity last week. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term.
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| //09-12-2009 |
EUR/USD closed higher on Thursday as it extends this week's breakout above the upper boundary of this summer's trading range crossing. 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 off August's low, the 75% retracement level of the 2008-decline crossing is the next upside target. Closes below the reaction low crossing are needed to confirm that an important top has been posted.
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| //09-11-2009 |
DJI closed higher on Thursday as it extends the rally off last week's low. 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. SPI closed lower on Thursday and above August's high thereby renewing this summer's rally. 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. NDI closed higher on Thursday and renewed this year's rally with a close 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 are bullish signalling that sideways to higher prices are possible near-term.
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| //09-08-2009 |
DJI closed higher on Monday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible near-term. SPI closed higher on Monday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. NDI closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral signalling that sideways to higher prices are possible near-term.
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| //09-08-2009 |
Coffee closed unchanged on Monday due to market holiday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but are turning 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. If it extends this month's decline, the reaction low crossing is the next downside target.
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| //09-08-2009 |
Gold closed slightly lower on Monday and 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 off August's low, February's high crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a double top with June's high has been posted.
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| //09-08-2009 |
Crude Oil closed slightly lower on Monday as it extended some of the decline off August's high. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. The mid-range close sets the stage for a steady opening on Tuesday. Closes below August's low crossing would open the door for a larger-degree decline into September.
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| //09-05-2009 |
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| //09-05-2009 |
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| //09-05-2009 |
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