Market Status:
Market entered a short term bullish mode. We need to see if this bullish momentum sustains to assess the next direction. However, the weekly and monthly charts are still in Bear Grip.
As it closed this Friday, all intraday charts are in bullish mode. The daily chart has improved from Strong sell to neutral; an improvement in favor of a bullish move.
The following status, as per weekly close, may be of interest to some of you.
DOW: Strong Sell
Gold: Strong Buy.
Silver: Strong Buy.
Copper: Neutral
Crude Oil: Strong sell.
EUR/USD: Strong sell
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
