Tuesday, March 3, 2009

Today's Markets

Although prices gapped up at the beginning of the day, they made three moves lower. Note that each successive move was higher -- which is good thing. That tells us there is buying interest 69.80/70 level.

Notice the clear down/up/down movement over the last 10 days.

The daily chart shows that prices are below key levels. The good news is they haven't moved any lower. The bad news they haven't moved higher yet and are still just hanging there.