Interesting overnite moves in the short term "macros" on the full moon :
USDX in S/T reversal from recent move 72 - 88 .... 80 is the 50% (?)
Commodities, Oil, Gold all moving up ...... watch BHP if it confirm breaks out above 24 - 32 trading zone .... would lead our XRA upward if it does u would think. 32 is major resistance.
DJIA reversal from its ID highs on the "moon" again.
Obama is better speaker than GWB ..... spoke about major revamps to health system ...... that means bigger spending ..... no wonder USD tanked last nite. USDX ist upwave 72 - 88. Third should be significantly higher from whatever low cominguop next few weeks (?)
OPEC Dec 17 meet likely to cut 2.5 mmbo production ...... more importantly RUMOUR Russia will jhoin with OPEC to get prices UP again.
Here we go, new battlefront in the global war against the USDX ... the LEADING indicator of the global Matrix.
CMR now in a world of its own (when wasnt it) .... we need GUIDANCE and TRANSPARENCY. Due for a techno bounce u would think (?) .... last wavelet all the way from 50 - 14.5 .... today is T+3 so interesting to see what close.
We might finally be getting a Santa "breather" rally (???)
Only Zeus knows.
CMR Price at posting:
14.5¢ Sentiment: ST Buy Disclosure: Held
