Today's interesting charts
David Fuller's view The
best way to keep up with market action is by viewing price charts.
The
US Dollar Index (weekly & daily)
has been rounding near prior support and appears capable of rallying back towards
prior resistance above 84.
Silver
(weekly & daily)
will likely indicate a change in short-term momentum if it sees downside follow
through on Friday. A temporarily overbought condition persists and the deep
discount to the MA has been corrected just beneath the first area of potentially
significant overhead resistance. Other precious metals are likely to perform
accordingly.
Brent
crude oil (weekly & daily)
is at least temporarily overextended and looks susceptible to a further pullback.
However, in the event of an eventual push back above $120 which lasted for more
than a few days, that would signal trouble for the global economy and also stock
markets.