weekend charting 25-07-2009, page-71

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    Hi Robbbb,

    Thanks again for you help again last few weeks, much apprieciated. You mentioned on the short term trading on Friday the possibility of a top in commodities if the USD finds support at the current low.

    Could you and any other posters provide their thoughts on the below points as this will be important for short term trading this week in the resource stocks.

    Thanks, sorry for long post....


    USD - 6 month daily, oversold but still negative, could rebound from 78.5 lows?

    USD 6 month


    USD- 3 year daily, historically oversold where bounce is more likely hovever recent trading range (78.5-81.5) has been weak? with 50dma not retested.

    usd 3 year

    USD 3 year weekly; Another bear flag?

    usd 3 year weekly

    Copper; clear break from 240 on daily and weekly with upper trendline approaching.

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    FCX - Largest copper stock which is use for short term trading showing possible top at US$60 share.

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    JML- Similar to FCX at key resistance

    JML




 
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