Monday, August 6, 2012

Observations for the week

Gold could see some tailwinds in the next weeks.
 The SPYDER looks weak. The proce pattern looks corrective and it seems as if this could continue but will eventually resolve in a bearish fashion (...into  September).
Oil is at a juncture, where it could see more upide MOMO if it break to the upside at this oversold level. This could then form a neg. Div in th TREND Indicator.
 ...allthough the overall TimeCyles paint more upside....

No comments:

Post a Comment