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  1. Technical Analysis for Dollar Index, S&P 500, GOLD, CRUDE OIL- Await Direction Cues as SPX 500 Hits 2-Month Low

    by , 10-04-2014 at 07:06 AM
    Talking Points:

    • US Dollar Produces First Back-to-Back Losses in Over a Month
    • S&P 500 Taps 2-Month Low as Sellers Fight to Break Support
    • Gold, Crude Oil Await Direction Cues at Familiar Chart Levels

    US DOLLAR TECHNICAL ANALYSIS – Prices pulled back as expected after putting in a Shooting Star candlestick. A daily close below the 14.6% Fibonacci retracement at 11005 exposes the 23.6% level at 10956. Alternatively, a reversal above the 11048-60 area marked rising trend ...