Still Waiting On Russia
Today’s recap is written by Brice Wightman.
In an abbreviated pre-holiday session, traders
pared down activity. A reduction in the number of jobless claims, and stronger
consumer confidence sent T-bonds
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down eight of the past nine days, closing at 101 31/32, a 5.32% yield.
This Implosion-5
List market also made good on an Off The Blocks short.
Dow
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fell, coming off six CVR sell signals on the Market
Bias Indicators Page.
Implosion-5
List leader silver
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also a good Off The Blocks short. December gold
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closed slightly above the 20-day low made during the session.
December copper
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its recent gains, closing up .40, and in a flag pattern.
January Crude
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attempting to hammer out a short-term bottom, with a 16.70 low for the past
three days. Russia still is the wild card in the supply-cut deal, who thus far
has offered a 30,000 bpd reduction in supply.
Off the New
Ten-Day Highs List, December corn
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at the 50-day moving average.
The NYMEX is closed Friday, re-opening Monday.