| //04-27-2009 |
Crude Oil closed higher on Friday due to short covering overnight as it consolidates some of last Monday's decline. Stochastics and the RSI 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 are needed to confirm that a short-term low has been posted. If it renews last week's decline, the reaction low crossing is the next downside target.
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| //04-24-2009 |
DJI closed higher on Thursday after recouping yesterday’s drop. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but are neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Thursday due to short covering. The high-range close sets the stage for a steady to higher opening on Friday. 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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| //04-24-2009 |
Crude Oil closed higher on Thursday as it closed higher. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning 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 renews this year's decline, monthly support crossing is the next downside target.
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| //04-24-2009 |
Gold closed higher due to short covering on Thursday as it advanced for a second day. The high-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. Closes above the 20-day moving average crossing would temper the near-term bullish outlook.
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| //04-23-2009 |
DJI closed slightly lower on Wednesday as it consolidated yesterday's gains in late day trading. The mid-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral signalling that a bearish outlook is possible near-term. SPI closed slightly lower on Wednesday as it consolidated yesterday's gains in late day trading.
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| //04-23-2009 |
Crude Oil closed higher on Wednesday as it rebounded from a five-week low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning 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 renews this year's decline, monthly support crossing is the next downside target.
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| //04-23-2009 |
Gold posted a key reversal up and closed higher due to short covering on Wednesday as it rebounded against yesterday's decline. The high-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing would temper the near-term bullish outlook.
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| //04-22-2009 |
DJI closed higher on Tuesday advancing after erasing an earlier slide. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but are neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Tuesday as they advanced the most in almost two weeks, led by financial shares.
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| //04-22-2009 |
DJI closed higher on Tuesday advancing after erasing an earlier slide. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but are neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Tuesday as they advanced the most in almost two weeks, led by financial shares.
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| //04-22-2009 |
Coffee closed lower on Tuesday as slower economic growth crimps demand. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. Closes above the 10-day moving average crossing are needed to confirm that a short-term top has been posted.
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| //04-22-2009 |
Crude Oil closed higher on Tuesday as it rebounded from a five-week low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are turning 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 renews this year's decline, monthly support crossing is the next downside target.
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| //04-22-2009 |
Gold posted an inside day with a lower on Tuesday as it renewed last week's decline. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. Closes above the 10-day moving average crossing would confirm that a short-term low has been posted. If it renews this year's decline, monthly support crossing is the next downside target.
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| //04-17-2009 |
DJI closed sharply higher on Thursday as stocks advanced for a second day. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought hinting at a near-term bullish outlook in the market. SPI closed higher on Thursday as stocks advanced for a second day. The high-range close sets the stage for a steady to higher opening on Friday
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| //04-17-2009 |
Crude Oil closed higher on Thursday after the number of U.S. workers claiming jobless benefits unexpectedly fell last week, indicating the pace of economic decline may be slowing. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning neutral signalling that sideways to lower prices are possible near-term. Closes below last Wednesday's low crossing would confirm that a short-term top has been posted.
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| //04-17-2009 |
Gold closed sharply lower on Thursday on speculation that the pace of inflation will be slower than investors expected, eroding demand for the precious metal as a store of value. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning bearish hinting that sideways to lower prices are possible near-term. Closes below the reaction low crossing are needed to confirm that a short-term top has been posted.
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| //04-16-2009 |
DJI closed higher on Wednesday despite more weak U.S. economic data. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought hinting at a near-term bullish outlook in the market. SPI gapped up and closed higher on Wednesday near the session high as stocks extended their gains.
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| //04-16-2009 |
Crude Oil closed higher on Wednesday despite falling in early trading after a government report showed that U.S. stockpiles climbed to the highest level in almost 19 years as demand dropped. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning neutral signalling that sideways to lower prices are possible near-term. Closes below last Wednesday's low crossing would confirm that a short-term top has been posted.
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| //04-15-2009 |
DJI closed lower on Tuesday halting a three day advance as it consolidated some of Monday's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold, diverging hinting at a near-term bearish outlook in the market. SPI closed lower on Tuesday after the US government reported unexpected declines in retail sales.
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| //04-15-2009 |
Gold posted an inside day with a lower close on Tuesday, consolidating some of Monday's rally. The mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends Today's decline, the 50% retracement level of the October-February rally crossing is the next downside target. Closes above the 20-day moving average crossing would signal that a low has been posted.
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| //04-15-2009 |
Crude Oil closed lower on Tuesday due to short covering as it consolidates some of Monday's decline . The mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning bullish hinting that sideways to higher prices are possible near-term. If it extends last Thursday's rally, then January's high crossing are the next upside targets. Closes below the reaction low crossing are needed to confirm that a short-term top has been posted.
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