By my analysis, this looks like a short-term top in the Precious metals and the Stock index futures markets. The NQZ9 needs a close below 1791.50 to turn the short-term trend negative. The YMZ9 needs a close below 10329 to turn its short-term trend negative. The high is already in place in the EURO and the DEC GOLD futures contract needs a close below 1043.80 to turn negative. I expect all of these events to occur before the end of the trading week. Stay tuned!
Dale F. Doelling
Chief Market Technician
Trends In Commodities
