YM (Dow futures)closes the gap (12486) and now falters below 50% 2007 (12472). Bulls need to get back above that. Oil plays around with the 66 level and gold is barely holding on to 50 DMA at 666. Lots of hesitation on the part of market participants, even though the Yen is at lows.
Trading is primarily affected by oil prices as it is obviously related to any further dip in consumer confidence. As such, any news on Iran and the hostage situation will be market moving either way. If nothing is resolved by the close, markets will remain under pressure.
Trading is primarily affected by oil prices as it is obviously related to any further dip in consumer confidence. As such, any news on Iran and the hostage situation will be market moving either way. If nothing is resolved by the close, markets will remain under pressure.
This entry was posted
on Friday, March 30, 2007 at 3/30/2007 10:35:00 AM.
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