| //01-15-2010 |
DJI closed higher on Thursday as it extends this winter's rally. 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. SPI closed higher on Thursday as it extends this winter's rally. The high-range close sets the stage for a steady to higher opening on Friday. Despite today's rally, Stochastics and the RSI are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. NDI closed higher on Thursday as it extended yesterday's rally above the 10-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Friday.
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| //01-15-2010 |
Coffee posted a quiet in side day with a lower close on Thursday. 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 March extends last week's rally, December's high crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
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| //01-15-2010 |
Gold closed higher on Thursday as it consolidated some of Tuesday's decline. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If its extends the rally off December's low, the reaction high crossing is the next upside targe
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| //01-15-2010 |
Crude Oil closed lower on Thursday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing would open the door for a larger-degree decline during January. If its renews this winter's rally, the 38% retracement level of the 2008-decline crossing is the next upside target.
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| //01-15-2010 |
EUR/USD closed slightly lower on Thursday as it extends this week's trading range. 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 its extends the rally off December's low, the 50% retracement level of December's decline crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
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| //01-07-2010 |
DJI closed higher on Wednesday and the high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but have turned bullish again signalling that sideways to higher prices are possible near-term. SPI closed unchanged on Wednesday and the high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but are bullish signalling that sideways to higher prices are possible near-term. NDI closed lower due to profit taking on Wednesday as it consolidated some of Monday's rally. The low- range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are overbought but are neutral to bullish signalling that sideways to higher prices are possible near-term.
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| //01-07-2010 |
Coffee closed higher on Wednesday as it consolidates above the 10-day moving average crossing. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near-term. 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 December's high, the reaction low crossing is the next downside target.
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| //01-07-2010 |
Gold closed sharply higher on Wednesday as it extends this week's breakout above the 20-day moving average. The high-range close sets the stage for a steady to higher opening on Thursday. 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 reaction low crossing would temper the near-term friendly outlook.
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| //01-07-2010 |
Crude Oil closed sharply higher on Wednesday and spiked above October's high crossing. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this rally, the 38% retracement level of the 2008-decline crossing is the next upside target
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| //01-07-2010 |
EUR/USD closed higher on Wednesday as it consolidates above the 10-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. 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 December's high, the 38% retracement level of the 2008-2009-rally crossing is the next downside target.
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| //12-31-2009 |
DJI closed unchanged due to light profit taking on Wednesday as it consolidated some of the rally off last week's low. A short covering rally tempered early session losses and the high-range close sets the stage for a steady to higher opening on Thursday. SPI closed slightly lower on Wednesday due to a short covering rally, which erased early session losses. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If its extends this month's rally, the 62% retracement level of the 2007-2008-decline crossing is the next upside target. NDI closed higher on Wednesday as it consolidated some of Tuesday's decline. The high-range close sets the stage for a steady to higher opening on Thursday.
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| //12-31-2009 |
Coffee closed higher due to short covering on Wednesday as it consolidated some of this week's decline. The mid-range close sets the stage for a steady opening on Thursday. 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 decline, the reaction low crossing is the next downside target. Closes above the 20-day moving average crossing would temper the near-term bearish outlook.
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| //12-31-2009 |
Gold closed lower on Wednesday as it extended Tuesday's decline. However, a short covering rally tempered early session losses and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are neutral to 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 its renews this month's decline, the 38% retracement level of this year's rally crossing is the next downside target.
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| //12-31-2009 |
Crude Oil closed higher for the sixth day in a row on Wednesday as it extends the rally off this month's low. Tighter crude oil inventories were the primary factor behind today's strength in the crude oil market. 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.
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| //12-31-2009 |
EUR/USD closed lower on Wednesday as it consolidated some of the rebound off last week's low. A short covering rally tempered early session losses and the high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If its renews this month's decline, the 38% retracement level of the 2008-2009-rally crossing is the next downside target.
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| //12-24-2009 |
DJI closed slightly higher on Wednesday and the mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Wednesday and posted a new high for the year. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. NDI closed higher on Wednesday as it extends the Santa Claus rally. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term.
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| //12-24-2009 |
Coffee closed slightly higher on Wednesday and below the 20-day moving average. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends yesterday's decline, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing would temper the near-term bearish outlook.
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| //12-24-2009 |
Gold closed higher on Wednesday and the high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that additional weakness is possible near-term. If it extends this month's decline, the 38% retracement level of this year'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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| //12-24-2009 |
Crude Oil closed higher on Wednesday and the high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it resumes the decline off October's high, the 87% retracement level of this fall's rally crossing is the next downside target.
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| //12-24-2009 |
EUR/USD closed higher on Wednesday and the high-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends this month's decline, the 38% retracement level of the 2008-2009-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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