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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

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Wednesday, September 26, 2012

Mid-Week Intraday Update

Here are some brief comments on where various instruments are trading just before noon on Wednesday:

Oil breaks below Weekly channel & 40% Fib retrace again...next major price supports @ 87, 80 & 75:

Gold sitting just above bottom of Weekly channel. Next major price support @ 1680:

Copper Weekly - price fails at 50% channel level (3.80)...major price support at 3.40:

Silver Weekly fails at 40% Fib Retrace, but just above 60% Fib Fanline...next major price support at 30ish:

U.S. $ Weekly - price bounces at 40% Fib Retrace and sits at major resistance cross-roads at 80:

30-Year Bonds Weekly - price back above trendline/Fib Fanline resistance:

DBC & AUD/USD heading back to 50 MA & mid-BB on Weekly:

Consumer Staples & Utilities in positive territory in Major Sectors as Retail attempts to gain on the day in Industry Groups: ...AND

Spanish ETF down 3%:

SPX:VIX Daily volatility ratio chart - price breaks below and bounces above bottom of channel once again...Momentum indicator holding just above zero: http://screencast.com/t/z1VLPVqBqByg

RUT:RVX Daily volatility ratio chart - price retests bottom of channel and bounces once again...Momentum indicator holding just above zero: http://screencast.com/t/TNb5uwBT