Tuesday, December 15, 2009

update

dow jones futures (dj30) sliding in European session. It appears that 10511 is proven to be the price of resistance to watch. support is at 10455 and by the looks of it will head there. this is not a market for the weak stomach. it will be a struggle from here to regain bullish momentum i think. crude is also sliding with strong resistance at 69.84 and looking to possible test the 69.00 round level below. the 70's look like a long ways away from here but still not out of the picture just yet. if 69 break down that will be a different story. as this is happening the dollar is strengthening across the board.

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