The Dow gained 4% to close the week at 9093. This level was a strong resistance back in January, a move above is important. Can the 50 day moving average cross above the 200?
- The Dow gained 4% to close the week at 9093. This level was a strong resistance back in January, a move above is important. Can the 50 day moving average cross above the 200?
- The dollar index slowly slid last week to close at 78.80. Still somewhat consolidating but below 79.00 is certainly bearish.
- Oil prices also gained to close at $68/barrel. A move to retest $73 could happen, but can this move sustain?
- Gold prices remain in a range between $915 and $980/oz. These trendlines are interesting.
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