Sunday, October 11, 2009

Preview 2nd week of October

Natural Gas and Corn signalling Short Entry Opportunities, so when the Dollar is getting strength this week these two commodities might be good ways to participate in this move.

Anyway what gained the most last week (soybeans, gold and silver) can also be considered as a valid shorting opportunity once we get confirming signals on the 60 Min, 30 Min or 15 Min Charts.

Nasdaq and Russel can be traded up to their first targets that will happen at the Dopple Top levels from then we will see if we either see a sideways, breakdown, break above the tops and then have a hook reversal or simply have a trendcontinuation.

Crude Oil has the potential to break out of the downtrend channel and reach new highs up to 82$ level.

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