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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (2539)8/2/2000 9:29:09 AM
From: John Pitera  Read Replies (4) of 33421
 
the 1 Yr CRB chart ...http://www.geocities.com/johnjpitera/Aug2000/1YrCRB200dma.gif

we are still above the 200 dma in blue and you can see more
support areas with the red trendlines.

NG seems to have made and A-b-C low and may be leading
the energy complex back up in price again,

Crude may have also made a low on 8-1-2000 at 27.26 basis
sept, that was in the area of the 27.56 exhaution top in
the sept contract that occurred back on 3-7-2000, with
the nearby contract topping back at 34.82 back then.

Will this lead to USD selling.....stay tuned.

John
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