Today's interesting charts
David Fuller's view The
best way to keep up with market action is by viewing price charts.
The US Dollar Index (weekly & daily) has been rounding near prior support and appears capable of rallying back towards prior resistance above 84.
Silver (weekly & daily) will likely indicate a change in short-term momentum if it sees downside follow through on Friday. A temporarily overbought condition persists and the deep discount to the MA has been corrected just beneath the first area of potentially significant overhead resistance. Other precious metals are likely to perform accordingly.
Brent crude oil (weekly & daily) is at least temporarily overextended and looks susceptible to a further pullback. However, in the event of an eventual push back above $120 which lasted for more than a few days, that would signal trouble for the global economy and also stock markets.