Morning Cup of Coffee …

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Not much has changed since last nights report however I still find it interesting.

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The bulls and bears continue to slug it out and the battlefield seems to be limited in between 79.50 to 80.00.

There is room for another candle on Thursday that could potentially delay a resolution until Jobs Friday.

I tend to think that Monday saw the cycle peak and now we are waiting on a decisive break.

Time will tell …

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6 responses to “Morning Cup of Coffee …”

  1. nikeboy 2008 Avatar
    nikeboy 2008

    Thank you for the update.

  2. vorfahrt Avatar
    vorfahrt

    Crude broke below the recent low today, but not many other commodities and enrgy stocks neither (yet). This coul set up for a positive divergence. I’m still holding my PMs and mining stocks, but it is nerve-rattling.

    1. greco8088 Avatar

      Things are quite uncertain and I sold my silver trading position at some loss. If it is nerve rattling it may be good to cut back a little.

      I believe most technical indicators are in gray area right now.

      1. vorfahrt Avatar
        vorfahrt

        That was probably the sensible thing to do.

  3. Hammerman Avatar
    Hammerman

    I think somehow the indecision is waiting more for the debate results than the jobs report.
    If Romney debates poorly then the dollar drops as Ben/Obama are one.

  4. Pamela Avatar
    Pamela

    Thank you LM for your update this morning and this evening.

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