| //07-02-2009 |
DJI closed higher on Wednesday as it extends last week's rally. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Wednesday as it extends last week's rally. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. NDI closed higher on Wednesday as it consolidates above the 20-day moving average crossing
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| //07-02-2009 |
Crude Oil closed lower due to profit taking on Wednesday as it extended Tuesday's decline. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews last week's decline, the 38% retracement level of this spring's rally crossing is the next downside target.
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| //07-02-2009 |
Gold closed higher on Wednesday and closed 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 neutral to 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 June's high, the reaction low crossing is the next downside target.
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| //07-01-2009 |
DJI closed lower on Tuesday due to profit taking as it consolidated some of last week's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Despite today's decline, stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. SPI closed lower due to profit taking on Tuesday as it consolidates some of last week's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain bullish signalling that additional gains are possible. NDI closed lower due to profit taking on Tuesday as it consolidated some of last week's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term.
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| //07-01-2009 |
Crude Oil closed lower due to profit taking on Tuesday 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 Wednesday. Despite today's setback stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
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| //07-01-2009 |
Gold closed lower on Tuesday due to profit taking and closed below the 10-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Wednesday. Despite today's setback, 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 are needed to confirm that a short-term low has been posted. If it renews this month's decline, the reaction low crossing is the next downside target.
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| //07-01-2009 |
Coffee posted an inside day with a lower close on Tuesday as it extends last week's trading range. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are oversold and are turning neutral to bullish signalling 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 extends this month's decline, the reaction low crossing is the next downside target.
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| //07-01-2009 |
EUR/USD closed lower on Tuesday as it consolidates some of its recent gains. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices is possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews the decline off this month's high, the reaction low crossing is the next downside target.
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| //06-29-2009 |
DJI closed lower due to profit taking on Friday as it consolidated some of Thursday's 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 short-term low might be in or is near. SPI cclosed lower due to profit taking on Friday as it consolidated some of Thursday's 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 short-term low might be in or is near. NDI closed higher on Friday as it extended yesterday's rally above the 20-day moving average crossing. 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.
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| //06-29-2009 |
Crude Oil closed lower due to profit taking on Friday and the low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI have turned neutral hinting that a short-term low might be in or is near. Closes above last Friday's high crossing are needed to confirm that a short-term low has been posted. If it renews this week's decline, the 38% retracement level of this spring's rally crossing is the next downside target.
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| //06-29-2009 |
Gold closed slightly higher on Friday as it consolidates above the 10-day moving average crossing signalling that a short-term low has been posted. Profit taking tempered early gains and the low-range close sets the stage for a steady to lower opening on Monday. 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 this month's decline, the reaction low crossingis the next downside target.
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| //06-25-2009 |
DJI closed lower on Wednesday as it extended this month's decline. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold but remain bearish signalling that sideways to lower prices are possible near-term. SPI 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 bearish signalling that sideways to lower prices are possible near-term.
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| //06-25-2009 |
Crude Oil closed sharply lower on Wednesday as it consolidates below the 20-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, the 25% retracement level of this spring's rally crossing is the next downside target. Closes above last Friday's high crossing are needed to confirm that a short-term low has been posted.
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| //06-25-2009 |
Gold closed higher on Wednesday due to short covering as it consolidated some of Monday's decline. The low-range close sets the stage for a steady to lower 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 reaction low crossing is the next downside target. Closes above the 20-day moving average crossing would signal that a short-term low has been posted.
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| //06-25-2009 |
Coffee closed lower on Wednesday as it consolidated recent gains. 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 today's decline, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing are needed to confirm a breakout of this spring's trading range.
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| //06-25-2009 |
EUR/USD closed lower on Wednesday and the low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices is possible near-term. Closes above the reaction high 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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| //06-18-2009 |
DJI closed lower on Wednesday as it extended this week's decline below the 20-day moving average crossing. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. SPI closed lower on Wednesday as it extends
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| //06-18-2009 |
Crude Oil closed higher due to short covering on Wednesday as it consolidated some of this week's decline. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning bearish signalling 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.
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| //06-18-2009 |
Gold closed higher due to short covering on Wednesday as it consolidates some of Monday's decline. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold but remain 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 20-day moving average crossing would signal that a short- term low has been posted.
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| //06-18-2009 |
Coffee closed lower on Wednesday as it extended this week's decline. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold but remain bearish signalling that sideways to lower prices are possible near-term. If it extends this month's decline, the reaction low crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted.
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