CRB Component Review & Dollar.
Simply this week, it looks to me like the flagging correction in the CRB, specific to our general interests in natural un-renewable resources, has further to run. Trend Indicator for Gold and Silver ought to reach oversold turning points late next week and coincide with Sinclair's Oct 19-23 time period for the end of the miner pullback. Crude continues vulnerable.
chartingyourfutures.com
Natural Gas has more going for it. Rally back to the rising upper part of the longer-term trend channel marked by $3.44, $3.88 & most recently $4.25 is occurring.
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This is however somewhat divergent to what is happening in some of my favorite NG plays
POG
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XTO (to a lesser extent)
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DXE while turning up last week with the general market seems hopelessly mired under 350
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Dollar Weekly - stuck on the 107.50 number, at the 50 day ema, trend indicators' slightly bearish cast would suggest the next move is down following this consolidation between about 108.50 and 106.50, but its imminence is questionable.
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jims101 |
