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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,351.10
(
0.17%
)
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techcharter

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techcharter

Re: None

Thursday, 07/01/2010 9:56:37 PM

Thursday, July 01, 2010 9:56:37 PM

Post# of 51804
Gold and Crude Oil Topped

Gold was forming an ending diagonal and today's strong price drop is typical post ED behavior.

http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=6&dy=0&id=p78201867607

Crude Oil clearly fell below the lower trend channel of a choppy advance. It almost hit the lower bollinger band. Oil's bounce is over.

http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&yr=0&mn=6&dy=0&id=p14906345319
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