Guru View

Developing Stories:

• Evidence of significant commercial interest on the long-side for crude oil - as of last week.


• Commercials continue to sell the US dollar as its dropping to record lows. This is very bearish: Key resistance at 76. So if we rally above 76, watch out for a short squeeze.


• The US stock market remains weak after breaking below key levels a few weeks ago. We may see a bottom soon, as the indexes are nearing key support, while the NASDAQ-100 is displaying relative strength...