26 August 2010
The reversal from six month highs may be seen as a negative technical development and some rains in Russia and talk of easing congestion in Brazil may be factor to encourage speculators to liquidate part of their large net long position.
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26 August 2010
The sharp losses of the past few weeks have left futures oversold technically and a turn back down in the US dollar overnight may help spark a corrective bounce.
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26 August 2010
The market saw a significant long liquidation break from Monday's highs and fell as much as 12.3% in just three trading sessions. This leaves the market in an oversold technical condition but the follow-through selling certainty confirms that a major top is in place.
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26 August 2010
The market may key off export sales and the dollar into the end of the week.
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25 August 2010
The Treasury markets reached another peak yesterday in the wake of a one/two punch of much weaker than expected US existing home sales figures and noted weakness in US equities.
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25 August 2010
The Dollar may hold this current safe haven support today, but any sort of rebound in global equities leaves the market vulnerable to a pullback.
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25 August 2010
The market can bounce but we seriously doubt the bull camp can engineer anything beyond a temporary technical balancing on the upside.
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24 August 2010
With a new high in pork cut-out, new sellers might be tough to find and short traders are vulnerable to covering.
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24 August 2010
Any sign of a near-term top and/or significant weakness in the financial markets could spark a correction.
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20 August 2010
With the slowing mentality in place this morning, the gold market still seems to be underpinned by the fear of further slowing but there doesn't appear to be much in the way of fresh economic news from the overnight headlines.
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