| //10-16-2009 |
Coffee closed lower due to profit taking on Thursday and consolidates some of this week's rally. The mid-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 this month's rally, August'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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| //10-16-2009 |
Gold closed lower due to profit taking on Thursday as it consolidated some of this month's rally as the dollar steadied against a basket of six major currencies. 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 month's rally into uncharted territory, upside targets will be 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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| //10-16-2009 |
Crude Oil closed sharply higher on Thursday to a one-year high after an unexpected decline in stockpiles. 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. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
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| //10-16-2009 |
EUR/USD closed higher on Thursday as it extends last 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. If it extends this week's rally, the 87% retracement level of he 2008-2009-decline crossing is the next upside target. Closes below the reaction low crossing are needed to confirm that a top has been posted.
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| //10-08-2009 |
DJI closed higher due on Wednesday and above the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Wednesday as it consolidated some of last week's decline but remain below the 20-day moving average crossing. Profit taking tempered early gains and the high-range close sets the stage for a steady to higher opening on Thursday. NDI closed higher due to short covering on Wednesday as it consolidated some of last week's decline but remains 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 neutral to bearish signalling that sideways to lower prices are possible near-term.
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| //10-08-2009 |
Coffee closed slightly lower due to profit taking on Wednesday as it extended yesterday's decline. The low-range close sets the stage for a steady to lower opening on Thursday. Despite today's setback, stochastics and the RSI are bullish hinting that sideways to higher prices are possible near-term. If it extends the rally off September's low, August's high crossing is the next upside targe
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| //10-08-2009 |
Gold closed sharply higher on Wednesday and above September's high thereby renewing this year's rally into uncharted territory. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends today's rally into uncharted territory, upside targets will now be hard to project. Closes below the reaction low crossing would confirm that a short-term top has been posted.
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| //10-08-2009 |
Crude Oil closed lower due to profit taking on Wednesday as it extended yesterday's decline. The low-range close sets the stage for a steady to lower opening on Thursday. Despite today's setback, stochastics and the RSI are turning neutral to bullish hinting that sideways to higher prices are possible near-term. If it extends the rally off September's low, August's high crossing is the next upside targe
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| //10-08-2009 |
EUR/USD closed lower on Wednesday and tested the 87% retracement level of the 2008-2009-rally crossing. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off August's high, the 2008 low crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term bottom has been posted.
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| //10-07-2009 |
DJI closed higher due on Tuesday and above the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Tuesday as it consolidated some of last week's decline but remain below the 20-day moving average crossing.
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| //10-07-2009 |
Coffee closed sharply higher on Tuesday and above the 20-day moving average crossing signalling that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, September's high crossing is the next upside target.
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| //10-07-2009 |
Gold closed sharply higher on Tuesday and above September's high thereby renewing this year's rally into uncharted territory. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends today's rally into uncharted territory, upside targets will now be hard to project. Closes below the reaction low crossing would confirm that a short-term top has been posted.
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| //10-07-2009 |
Crude Oil closed higher on Tuesday renewing the rally off September's low. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. Profit taking tempered early session gains as traders took a wait a see approach to the market ahead of Wednesday's weekly stocks report. The mid-range close sets the stage for a steady opening on Wednesday. If it extends today's rally, September's high crossing is the next upside target.
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| //10-07-2009 |
EUR/USD closed higher on Tuesday as it extends the rally off last Friday's low. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, September's high crossing is the next upside target. Closes below last Friday's low crossing are needed to confirm that a top has been posted.
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| //10-03-2009 |
Coffee closed lower on Thursday as it consolidates below the 20-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish signaling 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 in the market.
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| //10-02-2009 |
DJI closed sharply lower on Thursday as it extends 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. SPI closed lower on Thursday and below the 20-day moving average crossing confirming that a short-term top has been posted. 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 sharply lower on Thursday and below the 20-day moving average crossing confirming that a short-term top has been posted. 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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| //10-02-2009 |
Gold closed lower due to profit taking on Thursday as it consolidated some of Wednesday's rally. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, September's high crossing is the next upside target. Closes below the reaction low crossing would confirm that a short-term top has been posted.
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| //10-02-2009 |
Crude Oil closed higher on Thursday dispite some profit taking. 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. Closes below the 20-day moving average crossing would temper the near-term friendly outlook in the market.
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| //10-02-2009 |
EUR/USD closed lower on Thursday and below the 20-day moving average crossing confirming that a short-term top has been posted. 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. If it extends this week's decline, September's low crossing is the next downside target. Closes above the 10-day moving average crossing are needed to signal that a low has been posted.
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| //09-18-2009 |
DJI 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. SPI 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. NDI 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.
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