Archive for June 18th, 2011

Japanese Yen Forms Bullish Consolidation Pattern

Japanese Yen Forms Bullish Consolidation Pattern

| June 18, 2011

The Japanese yen has been consolidating in a relatively narrow trading range near recent highs of the cyclical bull market for the past eight months. During the last month, this consolidation formation has developed a bullish character and it is now likely that the long-term uptrend is preparing to resume. Notice how the index failed [...]

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Commodity Correction on Verge of Resuming

Commodity Correction on Verge of Resuming

| June 18, 2011

In late April, our analysis indicated that a potentially violent overbought correction in commodities was becoming more likely. Two weeks later, a sharp decline below long-term uptrend support signaled that the correction had begun and this week the Continuous Commodity Index closed sharply lower, approaching recent lows. The speculative advance from June 2010 to April [...]

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Intermediate-term Forecast for June 18, 2011

Intermediate-term Forecast for June 18, 2011

| June 18, 2011

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