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Monday, June 20, 2011

Patience...Gold/Silver/Copper/Oil...EUR/USD

Commodities are trying to find their way, but are still mired in mush as shown on the 4-hour charts:


It appears that 1.4425 could be an important resistance level and that 1.424 could be an important support level (on a near-term basis) for the EUR/USD...price is consolidating within a triangle and around the rising 50sma (red) on the Daily chart:


Might as well curl up with something you like until direction is established...