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Gold did indeed breakout. Unfortunately, that also means higher oil and NQ tumbles further to 1901. It now looks like the April gap for NDX is targeted (1841).
June 26 (Bloomberg) -- Crude oil rose more than $3 a barrel as a lower U.S. dollar spurred investors to purchase commodities as a hedge and Libya said it may cut production.
We saw the chart yesterday before the breakout and that big volume bar off the 20 dma for crude. Obviously, someone knew that news was coming but we spotted the clues.
Gold did indeed breakout. Unfortunately, that also means higher oil and NQ tumbles further to 1901. It now looks like the April gap for NDX is targeted (1841).
June 26 (Bloomberg) -- Crude oil rose more than $3 a barrel as a lower U.S. dollar spurred investors to purchase commodities as a hedge and Libya said it may cut production.
We saw the chart yesterday before the breakout and that big volume bar off the 20 dma for crude. Obviously, someone knew that news was coming but we spotted the clues.
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on Thursday, June 26, 2008 at 6/26/2008 09:33:00 AM.
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