share price, page-34

hi all.
dj down (.55%)once again overnight on concerns about housing starts, hp earnings etc, the cross of the 50 dma on the s&p has got some traders now playing the down side.
bhp adr once again closed on the up side (.73%).
most of my daily indictors are still trying to form a swing low, i still feel we need to see a close above the close on the 6/5/2011 44.51 before indictors could confirm a swing low, until then weekly traders will be looking for more downside.
oil and copper charts are both interesting, both are now sitting on strong fib support but no bounce yet. the rising usd is still putting pressure on commodities.
tonight we have FOMC meeting minutes but before that we have crude oil inventories, a big jump in inventories could see oil fib support broken, if so 92.07 is my next support level.
just my 2c worth.

have a good one.

582