| //12-18-2009 |
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, the 62% retracement level of the 2007-2008-decline crossing is the next upside target. 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 slightly 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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| //12-18-2009 |
Coffee closed higher on Thursday and spiked above resistance marked by June's high crossing before profit taking tempered early session gains. The mid-range close sets the stage for a steady 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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| //12-18-2009 |
Gold closed lower due to short covering on Thursday as it consolidates some of last week's decline. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that additional weakness is possible near-term. If its extends this month'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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| //12-18-2009 |
Crude Oil closed unchanged 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 high-range close sets the stage for a steady to higher 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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| //12-18-2009 |
EUR/USD closed 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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| //12-15-2009 |
EUR/USD closed sharply lower on Friday as it extended this week's decline. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, October's low crossing at 144.800 is the next downside target. Closes above the 20-day moving average crossing at 148.967 are needed to confirm that a short-term low has been posted.
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| //12-15-2009 |
Gold closed lower on Friday as it extended this week's decline below the 20-day moving average. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signalling that additional weakness is possible near-term. If its 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.
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| //12-14-2009 |
DJI closed higher on Friday as extends this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Friday as it extended yesterday's rally above the 20-day moving average. The high- range close sets the stage for a steady to higher opening on Monday. Today's rally turned stochastics and the RSI neutral to bullish signalling that sideways to higher prices are possible near-term. If March renews this fall's rally. NDI closed lower due to profit taking on Friday 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 turning bullish signalling that sideways to higher prices are possible near-term.
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| //12-14-2009 |
Coffee closed slightly lower due to short covering on Friday as it consolidated some of Wednesday's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bearish hinting that a double top might be forming or is in place. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If its extends Monday's rally, June's high crossing is the next upside target.
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| //12-14-2009 |
Crude Oil closed lower on Friday and below the 75% retracement level of this fall's rally crossing as it extended the decline off October's high. The low-range close sets the stage for a steady to lower opening on Monday. If its extends the decline off October's high, the 87% retracement level of this fall's rally 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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| //11-27-2009 |
Crude Oil closed lower on Tuesday and the low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain neutral signalling that sideways to lower prices are possible near-term. Closes below last Friday's low crossing would renew the decline off October's high. If it renews last week's rally, the reaction high crossing is the next upside target.
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| //11-27-2009 |
EUR/USD closed slightly higher on Tuesday and the high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. Closes below Tuesday's low crossing are needed to confirm that a short-term top has been posted. If it renews this month's rally, October's high crossing is the next upside target.
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| //11-27-2009 |
DJI closed lower on Tuesday and the high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral hinting that a short-term top might be in or is near. SPI closed unchanged on Tuesday and the high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that additional weakness is possible near-term. NDI closed lower on Tuesday and the mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that additional weakness is possible near-term.
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| //11-27-2009 |
Coffee closed lower on Tuesday and the low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bullish hinting that sideways to higher prices are possible near-term. If it extends last week's decline, weekly support crossing is the next downside target.
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| //11-27-2009 |
Gold closed slightly lower on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted. If it extends this rally into uncharted territory, upside targets will be hard to project.
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| //11-24-2009 |
DJI closed higher on Monday and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral hinting that a short-term top might be in or is near. SPI closed lower on Monday and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that additional weakness is possible near-term. NDI closed higher on Mondayand the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that additional weakness is possible near-term.
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| //11-24-2009 |
Coffee closed higher on Monday and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bullish hinting that sideways to higher prices are possible near-term. If it extends last week's decline, weekly support crossing is the next downside target.
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| //11-24-2009 |
Gold closed higher on Monday to another record high, as it extends some of this month's rally. Stochastics and the RSI are overbought and remain neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted. If it extends this rally into uncharted territory, upside targets will be hard to project.
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| //11-24-2009 |
Crude Oil closed slightly higher on Monday as it extends some of last week's rally and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain neutral signalling that sideways to lower prices are possible near-term. Closes below last Friday's low crossing would renew the decline off October's high. If it renews last week's rally, the reaction high crossing is the next upside target.
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| //11-24-2009 |
EUR/USD closed higher on Monday and 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. Closes below Tuesday's low crossing are needed to confirm that a short-term top has been posted. If it renews this month's rally, October's high crossing is the next upside target.
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