Friday, May 27, 2011

USD and Related Issues

Attempting to test 50dma, failed to clear 76.5

looks a lot like copper, stuck in a range

Gold should have a nice day today, needs to close above 1525, support at 1515

stuck in a trading range

Thwarted a sell off yesterday, that should be really bullish for metals today, nice hammer print! We need it to get through th 150 for a big move in PM's

Like oil and copper its in the upper end of range a break out  would be bullish  for the STP

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