17 September 2011

Benchmarks : Weekly Update

  • Consolidation week across most markets. Looks like more of same to come.
  • But expect moves to continue after this current sideways phase ie USDX up, US10YY down, SP500 down.
  • Gold : Am torn between calling it down due to large divergence between price and moving averages on monthly chart, and uptrend continuation as long as we hold above $1702.

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