| //06-18-2010 |
DJI closed higher on Thursday as it extends this week'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. SPI closed higher on Thursday as it extends this week'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 bullish signalling that sideways to higher prices are possible near-term. NDI closed higher on Thursday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remains bullish signalling that sideways to higher prices are possible near-term.
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| //06-18-2010 |
Coffee closed lower due to profit taking on Thursday but remains above the 50% retracement level of the 2008-2009 decline crossing. The low-range close sets the stage for a steady to lower opening on Friday. 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 week's rally, the 62% retracement level of the 2008-2009-decline crossing is the next upside target.
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| //06-18-2010 |
Crude Oil closed lower due to profit taking on Thursday as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off May's low, the 50% retracement level of last month's decline crossing is the next upside target.
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| //06-18-2010 |
EUR/USD closed higher on Thursday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off last week's low, the reaction high crossing is the next upside target. If it resumes this year's decline, monthly support crossing is the next downside target.
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| //06-18-2010 |
Gold closed higher on Thursday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it renews this spring's rally into uncharted territory, upside targets will now be hard to project. Closes below the reaction low crossing are needed to confirm that a short-term top has been posted.
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| //06-12-2010 |
DJI closed higher on Friday above the 20-day moving average crossing confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Friday above the 20-day moving average crossing confirming that a low has been posted. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near-term. NDI closed higher due to short covering on Friday as it consolidated some of the decline off last Friday's high. 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.
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| //06-12-2010 |
Coffee closed sharply higher on Friday and above the upper boundary of this year's trading range crossing. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it extends Friday's rally, January's high crossing is the next upside target. Closes below 20-day moving average crossing would confirm that a short-term top has been posted.
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| //06-12-2010 |
Gold closed higher due to short covering on Friday and closed above the 10-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. Closes below last Friday's low crossing are needed to confirm that a short-term top has been posted. If it extends this spring's rally into uncharted territory, upside targets will now be hard to project.
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| //06-12-2010 |
Crude Oil closed lower due to profit taking on Friday as it consolidated some of last week's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off May's low, the 50% retracement level of last month's decline crossing is the next upside target. Closes below Monday's low crossing would confirm that a short-term top has been posted.
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| //06-12-2010 |
EUR/USD closed lower on Friday ending a two-day short covering rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold and are turning bullish hinting that a 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 June resumes this year's decline, monthly support crossing is the next downside target.
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| //05-21-2010 |
DJI closed lower on Thursday as it extended this week's selling related to Europe's debt crisis. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish signalling that additional weakness is possible near-term. SPI closed lower on Thursday as it extended the decline off last week's high. 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. NDI closed lower on Thursday due to continued concern over Europe's debt crisis. 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.
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| //05-21-2010 |
Coffee closed lower on Thursday as it extended this week's decline below the 20-day moving average. The mid-range close sets the stage for a steady 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, February's 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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| //05-21-2010 |
Gold closed lower on Thursday and below the 20-day moving average crossing confirming that a short-term top has been posted. The mid-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. If it extends this week'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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| //05-21-2010 |
Crude Oil closed lower on Thursday as it extended this month's decline. The mid-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 it extends this month's decline, last May'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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| //05-21-2010 |
EUR/USD closed higher due to short covering on Thursday and above the 10-day moving average crossing 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 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 extends this year's decline, monthly support crossing is the next downside target.
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| //05-14-2010 |
DJI closed lower on Thursday as it consolidates some of 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 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. SPI closed lower on Thursday as it consolidated some of the rally off last week's low but remains above the 10-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Friday. NDI closed lower due to profit taking on Thursday as it consolidated some of 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 remain bullish signalling that sideways to higher prices are possible near-term.
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| //05-14-2010 |
Coffee closed higher on Wednesday as it extends the rally off last week's low. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to renew the rally off April's low. If it renews last week's decline, the reaction low crossing is the next downside target.
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| //05-14-2010 |
Gold closed lower due to profit taking on Thursday as it consolidated some of the rally off February's low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this year's rally into uncharted territory, upside targets are hard to project. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
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| //05-14-2010 |
Crude Oil closed lower on Thursday as it resumed last week's decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends today's decline, the 87% retracement level of the February-April 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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| //05-14-2010 |
EUR/USD closed lower on Thursday and posted a new low close for the year. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral to bearish signalling that additional weakness is possible near-term. If it resumes this month's decline, the 2009 low on the weekly continuation chart 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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