CURRENCIES: 08/13/09 Higher closes on Wednesday for theBritish pound, Euro fx,Swiss franc along with the Aussie andCanadian dollar along while lower fordollar index. The eurohad a failed BEAR PENNANT while the franchad a failed BEAR FLAG meaning both should work higher in at least the near term.The yenhad a lower close after a strong up-day on Tuesdaybouncing off a DOWNTREND LINE and a resistance areawhile still in a downtrend overall.TheCanadian dollar had its lowest low since July 22ndagain but rallied to settle higher now in a minor resistance area looking toppy with support around the 9000 area.The pound settled slightly higher holding at the upper end of a very good support area(16500 down to 16300) basis the September contract. TheAussie dollar closed higher and, more importantly, rallied sharply off its session's lows now acting like it will soon test its highs. The dollar settled higher again still in a downtrend overall but attempting to form a bottom with strong resistance over 8000. Buy Signals for the Euro, Swiss and Canadian dollar; Sell Signal for the Yen and US Dollar Index. Please feel free to call or email me for details.
ENERGIES: 08/13/09 EIA Gas Storage report today: Highersettlementsyesterday for crude oil but lower for heating oil, rbob and natural gas.Crude, heat and the rbob look ready to take out their recent highs while the gas continues to struggle in a support area at this time. Buy Signals for Crude, RBOB, Heating Oil and Natural Gas.